Shareholders to Decide Fate of Amazon, Whole Foods Deal
Despite few known details, analysts expect majority approval.
Newsmakers
TPR to Prosecute Chappell for Failing to Give BHS Sale Info
BHS owner to face charges of neglecting or refusing to provide information.
Ohio PERS Considers Cutting COLA for Retirees
System floats idea of basing COLA on CPI, capped at 3%.
Texts and Emails to Be Added to UK Pension Cold-Calling Ban
Since April 2014, pensioners have lost an estimated £43 million to cons.
AMP Capital’s IDF III Scores Record $4.1 Billion Commitments
Sees strongest support from Japan, Korea, Canada, and Germany-based institutional investors.
TPR Anti-Avoidance Hearing Heads to Upper Tribunal for First Time
Regulator wants to force ITV to fund plan with £90 million deficit.
New Mexico’s Two Largest Public Pensions Could See Benefit Reforms
Despite double-digit returns, the systems aren’t out of the woods yet.
Kentucky Gov. Launches Pension Reform Website
In his quest for state pension reform, Gov. Bevin just made it easier to keep the public informed on retirement plan updates.
University of Wisconsin Oshkosh Foundation Files for Bankruptcy
Blames regents for ‘policy flip flop’ and ‘political gamesmanship.’
Royal London Intermediary Pension Sales Up 64%, Demands Competition
After posting a successful H1 2017, UK pension provider Royal London wants more competition—and it’s pressing the government and regulators to open the floodgates.
Three US Pensions Sue Six World Banks
IPERS, OCERS, and SCERS file a class-action lawsuit against Wall Street titans over a stock-lending scandal.
New Zealand Super Fund Shifts Passive Equities to Low Carbon
Fund moves $10.2 billion into eco-friendlier firms, eyes active investments next.
Kentucky Universities Mull Split from State Retirement System
Plan has already gone to Council on Postsecondary Education.
Dalio Steps Into Publishing With “Principles”
Bridgewater Associates founder already planning second release.
CalPERS Flexes its Proxy Muscles
$330 billion system boasts about its influence on corporate governance of public companies.