MetLife Pension Payout Snafu Leads to $1 Million Fine
Insurer failed to pay 13,500 pensioners incorrectly labeled as ‘presumed dead.’
News
Korea Proposes Pension Reform
The world’s third-largest pension fund is in jeopardy of being depleted by 2057.
Kentucky Gov. Calls Special Legislative Session to Address Pension Crisis
State house introduces two pension reform bills during late-night meeting.
NYC Comptroller Calls on CBS, Alphabet to End ‘Inequitable Practices’
Proposals demand end to nondisclosure agreements and noncompete clauses.
Alan Greenspan Sees Big Market Trouble Ahead
Though he has been wrong before. Remember ‘irrational exuberance’?
Lockheed Martin Gets a New CIO
After six months without one, Paul Colonna will replace departed Chris Li in January.
Future Fund’s PE Leaders Leave to Start Their Own Firm
Veterans Steve Byrom, David Simons, and Jasmina Osmanovic look to model venture after Hamilton Lane of ROC Partners.
US Corporate Pensions Will Likely Miss Return Assumptions
Investment performances miss mark for third time in 10 years.
CalPERS Investment Returns Are in Negative Territory
The largest US pension plan—and smaller ones across the country—are affected by market volatility that has lowered investment returns.
NY State, Church of England Team Up on Exxon over Emissions
They lead investor group, with $19 trillion in assets, demanding the oil titan divulge greenhouse gas targets.
Sam Stovall: Expect a Slowdown, Not a Recession
CFRA’s market guru sees nation avoiding both an ‘EPS recession’ and an economic one.
CalPERS Buys Small Stake in Marijuana Stocks
The giant pension fund dipped its toes in the bongwater in Q3, SEC filings show.
CalPERS Would Be Forced to Divest from Private Prison Companies
The largest US pension plan would need to sell its investments in two private prison companies under legislation sponsored by California lawmaker Rob Bonta.
Kentucky Supreme Court Strikes Down Pension Law
Hurried legislation tucked in a sewage bill ruled by court as unconstitutional.
Chan Zuckerberg Institute Names Princeton’s David Lee CIO
Facebook founder’s philanthropic organization lures Lee from Princeton Endowment.