Most Europeans Unaware of Pensions Timebomb
Most European Union citizens do not think there is a need to raise the official retirement age in the next 20 years, despite acknowledging increased longevity.
Newsmakers
Northern Trust: Better Investment Returns Through Tax Efficient Fund Structures
Choice of cross-border investment vehicles can have a measurable impact on asset manager performance and investors’ returns over time, new research by Northern Trust shows.
Future of Eastman Kodak’s Pension ‘Too Early to Tell’ Says PBGC
"Some people say that Eastman Kodak's pension plan is in danger because the company filed for bankruptcy, but it's really too early to tell," says PBGC spokesman Marc Hopkins.
Record-Setting Insider Trading Probe Leads to Seven Charged
Seven have been charged in a $78 million record-setting insider trading case.
The Profile: Bernard Walschots, CIO, Rabobank Pension Fund
With €14 billion in assets and a funding ratio better than the average, Bernard Walschots of the Dutch Rabobank Pension Fund talks to aiCIO.
ABP Hikes Contributions, Mulls Benefit Cut to Contain Shortfall, Despite Asset Rise
ABP, the second largest European pension scheme, is to demand higher contributions and may cut member benefits to try and repair the damage done to its coverage ratio by low interest rates and the financial crisis.
Putnam Investments Expands Institutional Consultant Relations Team
Charlotte Walsh and Gregory Weissman are joining Putnam Investments' consultant relations team, highlighting continued demand on the investment consultant business.
US Debt Ceiling Problems Halt Federal Pension Investment
Fears of breaching the United States’ debt ceiling has meant the government has temporarily halted further payments into the pension fund for Federal employees.
Minderides in At State Street’s UK Transitions Team
Ex-JP Morgan transition management chief John Minderides has
been recruited to lead State Street’s efforts in the United Kingdom; Rick
Boomgaardt, head of EMEA transitions, has left the firm.
NYC Comptroller Liu Voices Pension Commitment to Minority and Women Investment Managers
New York City Comptroller John Liu has expanded the city's pension funds' commitment to minority and women investment managers by $500 million.
Ex-APG Exec Appointed to European Investment Bank
Pim Van Ballekom, APG Pension Group's former Head of International Public Affairs, has been appointed as the European Investment Bank's (EIB) Vice-President.
CalPERS Highlights Hybrid Pension Plans
Hybrid pension plans maintained by state retirement systems are a proven to deliver pension income security, retain essential staff, and provide important economic stability to every city, town, and state across the country, CalPERS says.
PBGC to American Airlines: Preserve Pension Plans Despite Bankruptcy
Pension Benefit Guarantee Corporation director Josh Gotbaum
is asserting that bankrupt American Airlines should not use Chapter 11 to
jettison its pension plans.
Demand for AAA Europe Collateral Pushes Bond Lending to Record Levels
French, German and UK sovereign debt on loan hits record level as investors seek good quality collateral in turbulent European market conditions.
NYC Actuary Recommends Lowered Return Rate for Pensions
Robert North, New York’s chief actuary, is recommending that the city’s schemes lower its assumed annual rate of return on assets to 7% from 8%.