UK Pensions Lifeboat Loses CIO
The CIO of the Pension Protection Fund – the UK’s Pension Benefit Guaranty Corporation equivalent – is to leave in August to join a corporate plan.
Newsmakers
UNPRI: Australia's Christian Super, CalPERS Exemplify Sustainable Investing
Australia's superannuation fund Christian Super and the California Public Employees’ Retirement System (CalPERS), the largest public pension in the United States, are archetypes of funds that have invested for the sustainable economy across asset classes while gaining a competitive advantage, according to a report released by UNPRI.
Pension Obligations Choking State Finances
The pension and benefit obligations of states outstripped plan assets by a startling $1.38 trillion in fiscal 2010, a study by the Pew Center on the States has found.
Fortress Germany Hit by Eurozone Crisis
The nation that is helping to bail all the others out may have finally succumbed to the pressure of the Eurozone crisis.
Global Tactical Asset Allocation Strategies Gain Steam, Segal Rogerscasey Says
Global tactical asset allocation strategies provide asset diversification and downside protection, according to Segal Rogerscasey.
Leadership Change at AT&T Pension
Sean Foley, a senior vice president for investments overseeing AT&T’s pension plan, has resigned and Bill Hammond, an AT&T veteran, has taken his place.
Kuwait’s SWF, Malaysian Pension to Make Cornerstone IPO Investment
The Kuwait Investment Authority and Malaysia’s Employees Provident Fund are slated to become cornerstone investors for the planned $2 billion listing of IHH Healthcare Bhd., the Wall Street Journal has reported.
Investors Should Manage Against Downside Risk to Compound Returns, PIMCO Says
Managing against downside shocks is enormously beneficial to compounding attractive returns over the long term, according to PIMCO.
Nordics Change Rules to Ease Pension Burden
Denmark has allowed the country’s pension funds to change the discount rate they employ to calculate their liabilities a week after Sweden implemented a similar reform.
Why Raise the Retirement Age At All?
More people are working well past the age they are officially allowed to retire – do we all have a greater work ethic these days or is it a sign of impending pension doom?
Market Woes Hit Nobel Foundation
The Nobel Foundation, ailing from lackluster returns on its capital, has slashed the money it will offer to prize recipients by 20%.
Pension Funds Break the Worst Kind of Records
May was a record-breaking month for UK pension funds – for all the wrong reasons.
NCPERS Puts On Brave Face After Public Pension Study
A survey of 147 American public pensions in April and May has found that average funding status has dipped from 76.1% in 2011 to 74.9%.
Report: Demographics Necessitate Pension Reforms
Governments need to act decisively to prepare for rising life expectancy, argues a report from the OECD.
Chinese Pension Turns to Domestic PE for Yield
China’s roughly $150 billion National Social Security Fund is set to increase its investment in private equity funds by the end of 2012.