Consultants Back TPR’s ESG Guidance
Twelve major advisory firms call for support of pension regulator’s sustainability guidance.
Newsmakers
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.
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.
PwC Rebukes Hong Kong Pension Fund
Review says underperforming Mandatory Provident Fund is overdue for an overhaul.
TPR Bans Trustees for Scamming Millions from Pensions
Regulator says trustees showed “reckless disregard” and a “lack of integrity.”
