Swedish Pension Fund AP3 to Shift Investment Model
After improved returns, AP3
will focus on a management model based on risk categories.
News
BMW Gets Pension Liability Insurance With Deutsche Bank
The German carmaker completed the largest-ever insurance transaction
with a pension scheme.
Pension Fund Regulator Files £2.1 Billion ($3.3B) Nortel Lawsuit
The regulator seeks
to help finance a shortfall in the Nortel UK pension
plans.
CIOs at Florida and Cornell Universities Quit
Michael Smith at UF and James Walsh at Ivy
League Cornell cite personal reasons, pursuit of new challenges.
Mexico Loosens Rules for Pension Funds
New regulatory changes would permit Mexican pension funds to
directly invest in individual stocks.
Survey Shows Corporate Pensions Improved in ’09, but Troubles Persist
Standard & Poor's 500 companies' aggregate U.S. and non-U.S.
pension deficit and average funded status showed signs of optimism last
year -- as of December 31, the average funded status increased to 84%,
up from
78% a year earlier.
CalPERS Names 11 Firms Not Responding on Placement Agents
The $200 billion pension fund has stepped up its
oversight on placement agents or pension-fund middlemen.
Pew Center Survey: States Face $1 Trillion Shortfall in Retiree Benefits
With a combined $2.35 trillion in assets for pensions,
health care and non-pension retirement programs for current and retired
workers, the report shows states need $1 trillion to match their
liabilities.
SEC Considers Exemptions for Pay-to-Play Rule
The US regulator's decision depends on whether the
Financial Industry Regulatory Authority (FINRA) implements strict
pay-to-play rules prohibiting activities by registered broker-dealers
acting as placement agents.
Harvard's Endowment Rebounds With Non-U.S. ETFs
International-oriented ETFs helped boost the value of the
university's US securities at the end of last year.
£7.8 Billion of Risk Transfer Deals Completed Last Year, More Coming in 2010
Companies are increasingly outsourcing risk by offloading defined
benefit pension scheme liabilities, research from consultants Hymans
Robertson shows.
Pension Funds Encourage Companies to Honor Voluntary UN Commitment
Signatories to the compact are committed to reporting
annually on company progress in implementing
environmental, labor, social and corporate governance goals.
Movers and Shakers: 8 Consultants Join Mercers’ Alternative Investment Group
Mercer has expanded coverage in North America, Europe and Australia.
Top Priority for Pension Execs: Controlling Volatility
Following the financial crisis with corporate
pension plans looking
to minimize risk, SEI’s poll shows that other
focus areas include stress testing portfolio, evaluating investment
approach and defining fiduciary roles.
San Diego Pension Shifts Its Private Equity Portfolio
The $7 billion San Diego
County Retirement Association is working on adjusting its strategy in
alternative investments.