Thomas DiNapoli, the New York state comptroller and sole trustee of the $147 billion New York State Common Retirement Fund, has suggested creating a national commission “to talk about ways to maintain existing defined benefit plans.”
New Hampshire is looking at switching from a defined benefit retirement system to a defined contribution one, but a new study shows it might be a costly move.
JPMorgan Chase & Co has been sued by a Netherlands-based pension fund over residential mortgage-backed securities it purchased.
A proposal by the Governmental Accounting Standards Board (GASB) seeks “to better enable taxpayers, bondholders, and other interested parties to assess the government's financial condition."
Massachusetts Pension Reserves Investment Management board has hired Russell Implementation Services to manage portions of the foreign-exchange transactions.
The CFTC has finalized a final rule that implements restrictions on the use of client-money.
According to John Hutton, who was a pensions minister in Tony Blair’s Labour government, the UK's public-sector pension system need reform.
A federal judge has ruled that credit ratings are not always protected opinion under the First Amendment.
The Pension Benefit Guaranty Corporation used improper outside vendors to calculate benefits, according to an audit.
Goldman Sachs, Citigroup are among those named in a lawsuit alleging misstatements regarding the European debt exposure of failed investment house MF Global.
The Louisiana Municipal Police Employees Retirement System, which invests in JP Morgan, has sued the bank claiming breach of fiduciary duty by its directors.