The combined employee benefit deficits of the Netherlands' 50 largest companies grew by €1 billion in the past year, according to the first "Pensions Accounting Briefing" report by LCP Netherlands.
State Treasurer Walker Stapleton aims to file a lawsuit against the $39 billion Colorado Public Employees' Retirement Association for state workers, claiming that the fund has denied his repeated requests for financial data.
UBS, which reportedly suffered a $2 billion loss from unauthorized trading at its investment bank, had its credit ratings put under review for potential downgrade by Standard & Poor’s, Moody’s Investors Service, and Fitch.
The Massachusetts Senate has passed a major overhaul of the state pension system to cut benefits for future workers, with the goal of saving $5 billion over a 30-year plan.
The pension plan of the American Federation of State, County & Municipal Employees has filed a shareholder proposal, saying that an independent chairman would provide checks and balances in the structure at Goldman Sachs.
A new research paper has asserted that pension funds in the United States should increase their allocation to hedge funds by 10% to boost returns by up to around $13.67 billion a year.
CalPERS has publicly censured a board member for alleged involvement in a personnel action based on complaints filed by coworkers in addition to adopting governance reforms.
A new report by the International Monetary Fund (IMF) reveals that pension and insurance funds may up their allocation to equities and other riskier assets in emerging and developing countries.
The General Retirement System of the City of Detroit has filed a class-action lawsuit with BNY Mellon, claiming that the firm lost more than $1 billion of its money in investments tied to Lehman Brothers.