Why Bureaucracy Has Killed Solvency II for Pensions
JP Morgan Asset Management white paper claims there are too many hurdles for IORP’s First Pillar to be put back on the table.
Regulation
Better Benefits for Long-Term Workers in the PPF, But Who’s Paying?
UK government announces improved pay-outs for defunct scheme members if they’ve worked at the same firm for more than 20 years.
Momentum Building Toward DC in US Public Sector
Arizona becomes the latest state to admit it is not rich enough for guaranteed pensions.
New Litigation Fee Option for Pensions…
Damages Based Agreements provide new payment options for pension litigation.
…and Ideas on How to Avoid Litigation while De-Risking
Alternative investing and annuitization were major topics at Moody’s summit on corporate risk.
Irish Ministry Calls for Pension Overhaul
The Irish Pension Board aims to consolidate DB schemes, shift to DC plans, and inform trustees.
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.