Hong Kong MPF Plans more than Double in a Decade
Average benefits surge to HK$154,000 in 2016 from HK$68,000 in 2006.
Newsmakers
PLSA Taskforce Proposes Defined Benefit Fix
Reports says 3 million Britons currently have only a 50% chance at receiving their full benefits.
Rhode Island Pension Fund Earns $64.2 Million in August
Despite outperforming its benchmark, the returns were less than half that of July.
CIO Exclusive — Ray Dalio: Why I Came Out of the Woodwork
The hedge fund titan discusses his emergence from the shadows into the limelight, comments on current market issues.
Consultants Back TPR’s ESG Guidance
Twelve major advisory firms call for support of pension regulator’s sustainability guidance.
Oregon PERS Changes Investment Strategy
Individual account programs will be shifted into target-date funds in 2018.
Swiss Voters Reject Pension Reform Plan
Proposed package would have raised the retirement age for women.
Post-Brexit Pensions in Jeopardy
Treasury select committee chair says implications are “potentially serious.”
Watchdog Investigates Pension Advisers’ Conflicts of Interest
The UK’s Competition and Markets Authority is looking into whether market features are crimping competition.
World Bank, IMF Concerned over Ukraine Pension Reform
The two institutions object to amendments made to proposed pension bill.
UK Launches Pension Freedoms Inquiry
Parliament seeks to ensure freedoms aren’t liberating Britons from their savings.
Colorado Retirement Board Endorses Reforms
Proposed changes would reduce benefits and require more contributions.
Capita to Strike over Attempt to Close Pension
Union says changes could cost some workers 70% of their retirement funds.
Swiss “Pension 2020” Reform to be Settled by Voters
Proposed two-part pension system mired in controversy.