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.
Regulation
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.
Rhode Island Pension Reform Mollified in New Deal
State officials and union members have agreed a deal to resolve Rhode Island's pension stale-mate.
Placement Agent Fee Millions Scrutinized at NC Pension
An investigation into the third largest US public pension fund has allegedly revealed an
excess of $100 million paid to placement agents in the past five years.
Regulator Tightens Screw on Transition Management
Citing scandals and senior management acquiescence, the UK’s Financial Conduct Authority tells how transition management should change.
Detroit Seeks Legal Relief over Interest Rate Swaps
The City of Detroit has asked a bankruptcy judge to cancel $1.4 billion of debt sold to fund public worker pensions.
Time to Ban Placement Agents, Says New NYC Pension Head
City Comptroller Scott Stringer has proposed “a steel barrier against pay-to-play abuses,” along with a broader compliance and ethics overhaul.
State Street Fined £23m by UK Regulator over Transition Management
The UK regulator has fined State Street for overcharging six clients in 2010 and 2011.