PLSA Says TPR Should Change Its Approach
Trade association argues that regulator is too focused on process, and not enough on people.
Tag: Pension
FTSE 350 Pension Deficits Rise £12 Billion in August
Mercer says decline may be due to uncertainty over Brexit negotiations.
CalPERS Staff Pushes for Quick Replacement of Infrastructure Consultant StepStone
Former infrastructure consultant, real estate consultant named as potential immediate replacements.
TPR to Prosecute Firm for Not Providing Pensions
Manchester bus company and managing director could face unlimited fine.
Business Group Urges Use of Pensions to Fund Retiree Startups
Institute of Directors calls on UK government to help retirees become entrepreneurs.
Newsmakers
India’s National Pension Scheme Raises Entry Age Limit to 65
Currently, only 15% to16% of workers are covered by system.
Newsmakers
Brazilian Planning Minister Demands Government Put Pension Reform First
Corruption scandal, 2018 general elections causing distractions for lawmakers.
UK Annuity Sales Tumble Further
Sharp decline continues two years after new rules allow withdrawals without annuities.
Research
Mercer: S&P 1500-Sponsored Company Pensions Down 1% in August
S&P 500 up 0.05%, while MSCI EAFE down 0.31%.
Research
Ontario Teachers Fund Returns 3.7% in First Half of 2017
Net assets reach C$180.5 billion on C$6.4 billion of income.
CalPERS to Outsource Private Equity Assets to BlackRock
Discussions in preliminary stage, source says.
Newsmakers
Romanian Prime Minister Suggests Making Private Pension Plan Optional
Government could change gears on recent pension considerations.
Research
Commodities Rocket Louisiana Teachers to 15.93% Fiscal Return
Asset obliterates -6.5% benchmark with 28.79% performance.
Royal Mail Workers May Strike Over Pension
Union ballots more than 100,000 workers, recommending they endorse industrial action.
Robots, AI Could Lead to Longer Retirements
Report says gains from modernization should be used to halt rising pension ages.