Michigan Pension Fund Seeks Benefits Reduction
Detroit Carpenters plan to become insolvent in 15 years without government intervention.
Risk
Falling Bond Yields ‘Warning Sign’ for Canadian DB Plan Sponsors
Aon says the window for de-risking opportunities ‘seems to be closing.’
UK Pension Lifeboat to Protect Thomas Cook Pension
Plan participants will likely see reduced benefits after the 178-year-old travel firm collapse
SEC Charges Three in Alleged $125 Million Fraud
Managers allegedly lied to investors, used funds to support ‘luxurious lifestyle.’
France’s ERAFP Completes Tobacco Divestment
$36.1 billion pension complies with Tobacco-Free Finance Pledge.
Biometric Hacking: Even Your Face is Hackable
Researcher describes how he was able to trick the biometric protocols.
NJ Pension Fund Returns 6.27% Misses Benchmark, Target
Fund reports ‘possible economic slowdown’ for 2020.
Rothesay Breaks Two Records with Two Risk Transfer Deals
Insurer signs £4.7 billion deal with Telent, and £3.8 billion deal with Allied Domecq.
Deep Fake Videos on the Rise as Technology Improves
But technology to combat these doctored videos is also growing in sophistication.
If the Rich Think a Recession Is Coming …
UBS survey of family offices says a majority foresee an economic slump in 2020.
Ohio Public Pension Seeks Legislative Approval to Reduce COLAs
Cuts are expected to save pension an estimated $3.44 billion.
Organizations Relying on Ethical Hackers to Improve Security Postures
‘Bug bounties’ offered by major technology companies to help find vulnerabilities.
Texas Teachers System Returns 6.4%, Misses Benchmark
Global equities spur 3.2% return for second quarter.
China Investment Corp. Sees Flat Results
Rough year brought on by wild global swings and higher volatility, says CEO.
California Pensions Could Be Mandated to Divest from Turkish Assets over WWI Atrocities
Legislation condemning Turkey for its failure to recognize the Armenian Genocide would result in California divestments.