UK Launches Pension Freedoms Inquiry
Parliament seeks to ensure freedoms aren’t liberating Britons from their savings.
News Archive: Sep - 2017
Newsmakers
Colorado Retirement Board Endorses Reforms
Proposed changes would reduce benefits and require more contributions.
GRESB: Real Estate’s Sustainability Score Rose Globally for 2017
North American property firms did better than the global average, cutting down their energy consumption by 2.5%.
Capita to Strike over Attempt to Close Pension
Union says changes could cost some workers 70% of their retirement funds.
Newsmakers
Swiss “Pension 2020” Reform to be Settled by Voters
Proposed two-part pension system mired in controversy.
Newsmakers
UTIMCO Freezes Private Equity Expansion
CEO/CIO Harris to renegotiate fees with endowment’s managers.
FCA to Require Disclosure of Pension Transaction Costs
New rules apply to managers of defined contribution plans.
Newsmakers
PwC Rebukes Hong Kong Pension Fund
Review says underperforming Mandatory Provident Fund is overdue for an overhaul.
Corporate Moves
CalPERS Appoints Asubonten as CFO
Interim CFO to return to previous role, become part of executive leadership team.
TPR Bans Trustees for Scamming Millions from Pensions
Regulator says trustees showed “reckless disregard” and a “lack of integrity.”
Newsmakers
Pennsylvania Delays Pension Payments
State treasury holds up $581 million in obligations to PSERS.
Sustainability Groups “Converge on Climate Risk” with G20 Task Force Recommendations
Paper reveals how corporations can adopt transparency around extreme weather events.
Newsmakers
Harvard Endowment Returns ‘Disappointing’ 8.1% in 2017
CEO says portfolio has ‘deep structural problems.’
CalPERS to Declare Two Districts in Default
Committee proposes a reduction in benefits for state workers in two delinquent districts.