Irish Ministry Calls for Pension Overhaul
The Irish Pension Board aims to consolidate DB schemes, shift to DC plans, and inform trustees.
Regulation
Governments under Fire for Damaging Workplace Pensions
PensionsEurope survey criticises tinkering with tax and investment policies, which results in poorer pension provision.
Better Governance, Better Contracts
Complicated regulations, policies, and procedures inhibit good investment decisions according to Oxford and Stanford Professors.
Pension Sues News Corp over “Cut-Throat Culture”
Walking over everyone in its way has cost News Corp’s shareholders dear, a pension fund alleges.
Bye-Bye Bonus? Regulator Cracks Down on Fund Manager Pay
The European regulator has got serious on protecting investors from fee-swindling practices.
SEC: Detroit Pension Adviser Steals, Repays $3.1 M After Mall Spree
MayfieldGentry Realty Advisors has agreed to return the millions it allegedly siphoned from Detroit’s police and fire pension fund in order to buy shopping properties, the SEC says.
Fitch Downgrades Illinois over Pensions Mess
Time ran out on a pensions deal, and a ratings agency didn’t like it.
Smoothing Framework Hits Dutch Coverage Ratios
A fall in the three-month average in interest rates has resulted in higher liabilities for Dutch schemes, putting them in the firing line of the regulator.
Last Chance Saloon in Illinois
…and then there was only one option on the table.
Controversial European Tax to be Watered Down
European Commission concedes compromise on Financial Transaction Tax is inevitable.
TIAA-CREF Escapes Shareholder Vote on Israel Divestment
A Palestinian activist group’s proposal to bar CREF from stock of companies involved in Israeli West Bank settlements does not have to go to proxy vote, the SEC has decided.
Are You Obsessed with Central Banks? BlackRock Thinks So
Central bank action has manipulated markets – is it time to take a step back and take stock?
Illinois Pension Proposal: Solution or Unconstitutional?
The drama continues in Springfield, IL.
European Pensions Slip the Solvency II Noose (For Now)
Michel Barnier offers breathing space to European pensions – but the issue had not been completely vanquished.
Irish Government Slammed for Failing Pension Funds
Pension funds on the Emerald Isle are in a fix – and the government isn’t helping.