Author profile
US
A growing number of US firms are reducing benefits offered to staff and looking to rebalance pension funding between employers and employees, research by BNY Mellon Asset Servicing shows.
14 January 2011
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US
US - Telecommunications giant AT&T is to cut $17bn from retained earnings and take a $2.7bn non-cash charge on its fourth quarter 2010 results following changes to the way it calculates its pension assets.
14 January 2011
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Appointments
The European Insurance and Occupational Pensions Authority has appointed Gabriel Bernardino as its inaugural chairman.
13 January 2011
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US
US - New Jersey's pension fund has gained 8.7% so far this fiscal year as Governor Chris Christie calls on lawmakers help whittle down a $53.9bn deficit.
13 January 2011
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US
US/UK - Royal Bank of Scotland has won a court ruling which dismissed a class action by two US pension funds claiming they suffered "massive" losses during the financial crisis.
13 January 2011
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US
US - The State of Wisconsin Investment Board (SWIB) has allocated $600m to two risk parity strategy managers as part of its multi-asset allocation within the Wisconsin Retirement System (WRS).
13 January 2011
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Europe
EUROPE - The European Insurance and Occupational Pensions Authority (EIOPA) has appointed Gabriel Bernardino as its inaugural chairman.
13 January 2011
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Fixed Income
MALAYSIA - Malaysia's Employees Provident Fund, the country's biggest pension fund, plans to increase its $1bn global sukuk programme by about 50% this year to meet government-set targets.
12 January 2011
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Ireland
IRELAND - A construction company has agreed to pay outstanding contributions to the industry pension fund after being taken to court by the The Pensions Board.
12 January 2011
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Canada
CANADA - Strong stock market returns and a slight rebound in long-term federal bond yields in the fourth quarter allowed Canadian pension plans to make up for most of the losses incurred in Q2, figures from Mercer show.
12 January 2011
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