Pensions Offered Seat at the Table in M&A Discussions
Pension funds are often one of the largest assets, and costs, to a company – now it looks like the people who look after them could get a say in corporate activity.
Regulation
Mixed Reform for Corporate DB Plans
Congress has passed a reform package for corporate pension plans, simultaneously easing funding requirements and raising premiums owed to the Pension Benefit Guaranty Corporation.
GASB Approves New Pension Standards
The Governmental Accounting Standards Board has approved new accounting standards for US public pensions that aim to improve their accounting and financial reporting.
International Clamoring to Ease Pension Burden
Pension experts in the United Kingdom and United States have called for regulatory changes to lower the exploding liabilities of pension plans caused by rock-bottom interest rates.
Business Leaders Demand Growth as Downgrades Hit Banks
Institutional investors should be called upon to support growth in the UK economy, experts say, as Moody’s downgrades banks that should be providing financial backing.
Japan Asset Managers Arrested in Pension Scandal
Authorities have arrested four men at Japanese asset manager AIJ Investment Advisors Co. for fraud in the aftermath of a $1.4 billion pension scandal.
PBGC to Shoulder Defunct Law Firm’s Pensions
A federal judge has cleared the way for the Pension Benefit Guaranty Corp. to absorb the benefit obligations of bankrupt law firm Dewey & LeBoeuf.
NYC Pensions Slam Wal-Mart With Another Lawsuit
A group of NYC pension funds has filed a lawsuit against Wal-Mart over allegations of bribery and corruption at Wal-Mart’s Mexican arm.
Billionaire Investor Carl Icahn Faces Pension Suit Over Energy Deal
Pension funds are aiming to bar billionaire investor Carl Icahn from accumulating more shares of CVR Energy Inc.
Wal-Mart Reelects Board Members Despite Pension Backlash
Wal-Mart has reelected all of its board members despite strong criticism from pension funds seeking to oust them.
Attorney General Investigates Dartmouth Endowment Mismanagement Claims
Dartmouth College is busy defending itself after anonymous accusations point to mismanagement and conflicts of interest at the endowment.
NASRA: GASB Standards Are Accounting Guidelines, Not Funding Requirements
New standards implemented by the Governmental Accounting Standards Board (GASB) are expected to remove the link between pension accounting and funding, according to a letter by Keith Brainard of the National Association of State Retirement Administrators to the group's members.
Roubini: JP Morgan, Dimon Guilty of 'Arrogant Violation' of Volker Rule
"JP Morgan & Dimon were not hedging. They were involved in pure & sheer speculation in arrogant violation of the spirit of the Volcker rule," Nouriel Roubini comments on his Twitter page.
Institutional Investors of the World Unite on 'Fracking'
A group of activist investors representing $1 trillion in assets under management are seeking action from the hydraulic fracturing industry due to the increasing level of uncertainty about its potential for environmental damage.
Largest Investors Pursue China's Greater Open Door Policy
Some of the world's largest investors have signed up to take a bigger stake in China's growing economic boom.