Switzerland Urged to Reform Pensions
Fiscally-sound Switzerland urged to follow poorer neighbours into pension reform.
Regulation
Kay Slams ‘Trader-Focused’ Markets
Equity markets are overly focused around the activity of trading, to the detriment of investors, according to professor John Kay.
JP Morgan to Pay $150 Million in Securities Lending Pension Lawsuit
The custodian will pay big to settle claims over securities
lending losses stemming from the 2008 financial collapse.
Ohio Treasurer Slashes Pension Ties With BNY Mellon, State Street, Pledging to 'Root Out Fraud'
BNY Mellon and State Street are being replaced by JPMorgan & Chase and Citigroup as custodians for four Ohio pension funds.
CalPERS: Republican Pension Proposals to Sting Members
CalPERS has released a cost analysis of proposed Republican pension reform, noting that the proposal will lower retirement benefits for new hires and shift risk from employers to employees.
New York Legislature OKs Governor Cuomo's Pension Reform; DiNapoli Expresses Skepticism
The New York Legislature has approved much of Governor Andrew Cuomo's pension overhaul, while New York Comptroller Thomas DiNapoli has voiced concern.
Cuomo's Pension Proposal Rejected by Assembly Democrats, Gov Threatens Shutdown
New York Governor Andrew Cuomo has had his pension proposal rejected by the state's Assembly Democrats.
Australia Treasury Says No to Sovereign Wealth Fund
Australian Treasury Secretary Martin Parkinson has voiced disapproval of a sovereign wealth fund for the country following strong support for such a fund from resource-rich Western Australia.
Pension Groups: Solvency II to Hurt Markets
Solvency II would hurt equity markets as well as force the closure of remaining defined benefit pension funds, a pan-European employers and retirement industry group has claimed.
Consultant Corner: Are Investment Consultants Ready for Dodd-Frank?
From aiCIO Magazine's February Issue: Investment consultants on their level preparedness amid a changing regulatory environment.
Cuomo: Pension Reform in Budget Is Albany's Central Power Struggle
"There must be pension reform in the budget," New York Governor Andrew Cuomo has asserted, noting that "this is the central power struggle of Albany."
Ireland Asks OECD for Pension Review
The Organisation for Economic Co-operation and Development has been called in to review the Irish pension system as the Eurozone nation flounders in recession.
‘Disappointment’ in European Pension and Insurance Regulator
Disappointment and dismay as European regulator misses chance to make major changes to pension and insurance regulation.
Pension Funds Bring Class-Action Against E&Y Over Lehman
The Alameda County Employees’ Retirement Association has called for class-action status in a lawsuit with Lehman Brothers Holdings Inc.’s former auditor Ernst & Young.
Bill Calls for Higher Contributions for Federal Employees, an End to 'Hypocrisy'
The House Oversight and Government Reform Committee is considering a bill that would push Federal employees, including members of Congress, to contribute 1.5% more toward their pensions.