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UK railway pension fund investing millions in music

UK railway pension fund investing millions in music

Finance
Of the many alternative investments outside stocks and bonds that pension funds can buy, a few are putting retirement money into music copyrights.RPMI Railpen, the manager of one of the largest and oldest UK pension funds, is leading a $ 345 million investment in a fund rolled out Monday by Kobalt Capital, the subsidiary of music royalties collection and technology company Kobalt."With low expected returns from many traditional asset classes, we are prepared to allocate in alternative investments that can help us to pay members' pensions well into the future," Craig Heron, deputy investment director, RPMI Railpen, told CNBC this week in an email. Through the fund, Railpen buys music copyrights and receives royalties collected by Kobalt."This is an innovative investment opportunity that off...
Email scam targets Netflix's millions of subscribers

Email scam targets Netflix's millions of subscribers

Technology
An email scam has been specifically targeting Netflix's millions of subscribers, threatening to suspend their accounts if they don’t update their billing information. The email asks its readers to click the link, leading them to a fake Netflix homepage and prompting them to enter their private information, according to MailGuard, an Australian cybersecurity firm. Netflix said it is aware of the ongoing scam, adding that the company takes security seriously and has measures in place to detect fraudulent activity. “Unfortunately, scams are common on the internet and target popular brands such as Netflix and other companies with large customer bases to lure users into giving out personal information,” Netflix said in a statement to ABC News. The company will never ask for any personal in
Millions who buy health insurance brace for sharp increases

Millions who buy health insurance brace for sharp increases

Health
Millions of people who buy individual health insurance policies and get no financial help from the Affordable Care Act are bracing for another year of double-digit premium increases, and their frustration is boiling over. Some are expecting premiums for 2018 to rival a mortgage payment. What they pay is tied to the price of coverage on the health insurance markets created by the Obama-era law, but these consumers get no protection from the law's tax credits, which cushion against rising premiums. Instead they pay full freight and bear the brunt of market problems such as high costs and diminished competition. On Capitol Hill, there's a chance that upcoming bipartisan hearings by Sens. Lamar Alexander, R-Tenn., and Patty Murray, D-Wash., can produce legislation offering some relief. But it...
How much taxes will take if you win Friday's $323 million Mega Millions

How much taxes will take if you win Friday's $323 million Mega Millions

Finance
The Mega Millions jackpot has jumped to $ 323 million, after Tuesday's drawing failed to yield a winner for the top prize.If the prize amount doesn't go up before the 11 p.m. ET drawing Friday, it will be the 10th largest Mega Millions jackpot (although, only the 29th largest in U.S. lottery history).The most recent big Mega Millions win — $ 536 million in July 2016 — was the third-largest in the game's history, and the seventh-largest in U.S. history. It was the most ever awarded to a single Mega Millions winner, and the highest cash-value jackpot awarded to a single winner in a U.S. lottery.Of course, if you are lucky enough to pick the winning combo for this weekend's drawing, you won't walk away with the full amount.Lottery site USAMega.com estimates the federal tax withholding on the
Call for millions on streets as Venezuela polls open

Call for millions on streets as Venezuela polls open

World
Opposition leaders in Venezuela have issued a rallying call for millions of protesters to take to the streets - as polls open in a controversial vote.They are boycotting the Constituency Assembly election, claiming President Nicolas Maduro will use its result to crush dissenters and tighten his grip on power.Polling stations are to open at 7am local time (12pm BST) and are expected to close 11 hours later.If successful, President Maduro will essentially govern a one-party state, controlling the powerful 545-member body charged with re-writing the Venezuelan constitution.:: Vote or lose your home: Venezuela's 'illegal' electionImage:Venezuela's President Nicolas MaduroThe vote will mark the peak of four months of protests that have seen 110 people killed in clashes with riot police.Oppositi...