The survey by the Insurance Asset Outsourcing Exchange has suggested that insurance companies should provide a better description of investment needs up front in the RFP, among other recommendations, and created a list of best practices.
The bank has formed a deal with Paternoster, acquiring all of the
shares in the pension insurer to nearly double Goldman's $4.7 billion
insurance business in the UK.
According to the latest figures from the Pension Protection Fund (PPF), the UK's 6,560 final-salary schemes in the private sector have moved to a surplus, following positive news on pension funding ratios in the US.
While Florida lawmakers are resolute on revamping the state and municipal pension system, union members from the AFL-CIO labeled allegations that Florida's public employee retirement plans are underfunded and provide lavish benefits as "myths."
As part of the Stichting Investor Claims against Fortis Foundation, institutional investors have launched a claim accusing Fortis of making misrepresentations to the market and to its shareholders.
The prominent former public official, who was in charge of
the New York City public school system for eight years, rails against pension
accounting assumptions in a Monday opinion piece.
The group said the new approach aims to allow for better risk-adjusted returns relative to liabilities to ensure that better results are delivered for members.
A group of seven major public pension schemes are being led by New York City Comptroller John Liu to press the largest US banks to better examine their mortgage and foreclosure practices.
Since the financial crisis hit, the US regulator has been especially keen on hunting down public pensions for lack of transparency about their investments and about information regarding their financial impacts on the state.
New research has shown that trustees of defined benefit schemes saw an average return of 13% on investments last year, buoyed by strong equity performance.
ATP's CEO Lars Rohde has said that the fund will avoid government bonds issued by the European Union's most indebted nations, as it considers the risk too great.
A Goldman unit that invests on behalf of asset owners turned
down an opportunity to invest capital in social network Facebook, raising
questions over whether the bank’s eventual investment is a robust one.
An upcoming Vanity Fair article further reveals the thinking
of Warren Buffett regarding who eventually will take control of his $100
billion portfolio.
