Newsmakers
Kentucky Senate Finally Files Anticipated Pension Bill
SB 1 contains a variety of changes from Gov. Bevin’s controversial October bill.
News Archive: Feb - 2018
Regulation
California Bill Would Allow State Workers to Opt Out of CalPERS
Proposed legislation would create an optional defined contribution plan.
Newsmakers
Brazil Drops Pension Reform in Favor of Military Intervention
Moody’s determines measure 'credit negative.'
Newsmakers
Harvard Alumni Call for New Investment Strategy
Members of the class of 1969 want the $37.1 billion endowment to be more passive.
Opinion
Montana Rep. Offers $700 Million State Public Pension Solution
Cites problems coming from “highly optimistic” rate of return, lack of employee contributions.
Newsmakers
RI Treasurer Files Letter with SEC over Rejected Student Debt Proposal
Borrower Navient refused to have shareholders vote on student loan governance policies.
US Public Pension Funds Break Cardinal Rule of Investing
Research shows that institutional investors rely on past performance to gauge future returns.
Regulation
Kentucky Senate President Shuts Down Bevin’s 401(k) Proposal
Teachers to now choose between two plans in new reform.
UK Committee Calls for Pensions Regulation after Billion-Dollar Scandal
Average British Steel pensioner transferred £400,000 in benefits to “unsuitable” funds.
UK Regulators Team Up on Pensions Strategy
FCA, TPR to tackle key risks facing the sector over the next five to 10 years.
Regulation
US Treasury Official Pushes for Worldwide Cryptocurrency Regulation Against ‘Kleptocrats and Criminals’
Demands ‘stiff penalties’ against non-complying companies, individuals.
Risk
Phoenix Using New Strategy to Chip at City Pension Debt
Concept being applied to additional city departments.
Research
Canada Pension Plan Rises 4% in Q3 of Fiscal 2018
Total assets gain C$8.9 billion to reach record high of C$337.1 billion.