Dutch Pension Age Increase Stalled Due to Life Expectancy Dip
Because of winter 2017’s flu epidemic, the Netherlands will not see a rise in the retirement age past 2022.
News
Largest US Community Foundation Sees Opportunity Zone Program Role
The top investment official of the Silicon Valley Community Foundation says foundations could provide loans to make new funds attractive for investors.
Newsmakers
Netherlands Wants to Intro Sovereign Green Bonds in 2019
Finance Minister Wopke Hoekstra seeking parliament’s approval for the Dutch to be the first AAA-rated issuer of sustainable securities.
Corporate Moves
Russell Investments Names Jennifer McPeek as CFO
The new head means the 82-year-old firm has women in both of its highest roles.
High Court Rules Guaranteed Minimum Pensions Gender Biased
‘Landmark’ decision could cost UK pension industry up to £20 billion in payouts.
Newsmakers
Brazil’s President-Elect Urges Pension Reform ASAP
Jair Bolsonaro plans to meet with incumbent Temer to jump-start effort.
Newsmakers
Pennsylvania Pension Panel Explores Debt-Cutting Plans
The state’s SERS and PSERS retirement organizations say they are looking for ways to cut management fees and improve transparency.
TPR Bans ‘Reckless’ Pension Trustees over Risky, Exotic Investments
Trustees invested in eucalyptus farms, parking lots, and suspected scams.
Newsmakers
Chicago Mayoral Hopeful: Casino, Marijuana Money Could Help City’s Pension Woes
Gery Chico thinks the two revenue streams could chip away up to $1 billion per year.
Risk
University of California’s Pensions, Endowments Drive Asset Outperformance
An 8.1% total return sees the institution’s asset growth beat most benchmarks.
Research
Canadian Pension Funds Post Negative Q3 Asset Returns
Funded ratio still rises as declining liabilities offset losses.
UK Firm Fined over £275,000 for Opting Workers Out of Pension
Workchain Ltd. handed largest fine for case brought by The Pensions Regulator.
Newsmakers
Pension Reform High on Brazilian President-Elect’s To-Do List
Jair Bolsonaro aims to privatize the nation’s retirement system when he takes over in January.
Newsmakers
Ray Dalio, Mike Bloomberg Partner for Ocean Exploration
The two billionaires will strengthen OceanX’s research, sustainability projects for a cool $185 million.
Risk
Harvard ‘Not Pleased’ with 2018 Performance
CEO Narv Narvekar says it will be a few years before restructuring results will be seen.