New Multi-Billion Health Trusts Planned for Detroit
The bankrupt city has reached a tentative deal to cut pensions and launch two VEBAs for retiree medical funding.
Regulation
Hedge Funds and Wall St. Analysts: Insider Trading?
A study of large hedge funds found systematic trading on analysts' stock ratings before publication of their outlooks.
Aegon Agrees Pension Payment to End Six-Year Dispute
The Dutch life, pensions, and asset management giant has agreed to pay €80 million to the harbour workers’ pension fund.
‘Be More Like Buffett’, LA Pension Told
Los Angeles is building up a pension problem and one think tank says the Sage of Omaha can solve it.
Capital Adequacy Blow for Infrastructure Projects
The European Insurance and Occupational Pensions Authority will not recommend lower capital charges for financing infrastructure projects.
SEC to Probe PE and Hedge Funds
The US regulator is to investigate how private equity and hedge funds value their assets, disclose their fees, and communicate with investors.
Public Pension Seeks FCA Approval to Run Own Money
A Scottish city council’s pension is the latest to bring its investment capabilities in-house.
Are Defined Ambition Pensions Possible?
A whitepaper from law firm Slaughter & May has outlined the legislative framework needed for the UK’s collective DC project to take off.
Detroit’s New Plan
The city’s art collection would be saved under the proposal, but pensioners face benefit cuts of between 6% and 26%.
Despair and Disappointment at Europe’s New Pension Rules
Experts think Europe has missed the target again with this week’s update to the IORP Directive.
Why Corporate Pension Relief Makes Sense… Permanently
The former Director of the PBGC Charles Millard weighs in during a guest column.
Madoff Staff Convicted on 31 Counts of Fraud
After five
months of trial, five of Bernie Madoff’s former employees were found guilty of aiding the
largest Ponzi scheme of all time.
Major Shake Up for Sweden’s Pension System
Politicians have decided to update how more than €100 billion in domestic pension assets are run.
Oregon Lawmakers Push to Empower Pension Investment Office
The
legislation would in-source asset management and reorganize the governance
structure of the state’s $87 billion pension system.
A New Dawn for Cross-Border Pensions?
The EU is about to remove one of the major barriers to operating pension plans in more than one member state, according to Towers Watson.