NJ Gov. Pulls $2.5B in Pension Funding for Budget Hole
Chris
Christie, facing a budgetary crisis, said the state will cease to
pay for past administrations’ “sins,” and cover pension costs only for active employees.
Regulation
Are Asset Managers ‘Too Big to Fail’?
Large, highly connected asset
management firms are at risk of being labeled “systemically important financial
institutions.”
Too Fast, Too Furious: UK Pension Reform
Abrupt government changes to savings policy endanger members’ outcomes, according to the National Association of Pension Funds.
North Carolina Treasurer Proposes Limited Pension Reforms
The sole
fiduciary of the $86 billion pension fund said the discussion of moving to a
board of trustees model is likely to wait until January 2015.
SEC: Private Equity Firms and Illegal Fee Collections
An
examination of private equity firms the last two years revealed an “enormous
grey area” of hidden fees and expense-shifting, costing investors proper
monitoring of investments.
A ‘Made-in-Ontario’ Proposal for a Canada Pension Problem
The Ontario
Ministry of Finance proposed the Ontario Retirement Pension Plan as Canada’s
first mandatory provincial retirement plan for public employees.
Local Government Pensions Mull Active Management Withdrawal
UK government issues proposals to restrict local authority access to active asset managers.
CalPERS: Detroit Ruling Threatens All US Public Pensions
The largest US pension fund wants a bankruptcy court decision reversed.
Ninety-Four Percent Funded? Not So Fast, Corporate Funds
With new mortality assumptions imminent, reports of a post-recession high for corporate pension funding ratios don't tell the whole story.
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.
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.