Business model alignment with Ucits IV will compel companies to improve their operating models, Ernst &Young says.
EUROPE - Business model alignment with Ucits IV will compel companies to improve their operating models, Ernst &Young said.
US -California governor Arnold Schwarzenegger equated the state's rising pension costs to a "locomotive" and pledged to make pension reform a priority in 2010 in his annual State of the State address yesterday.
EUROPE - Introducing collective defined contribution schemes would not breach European law despite one government citing it as a reason to abandon risk sharing, a lawyer said.
Introducing collective defined contribution schemes would not breach European law despite the government citing it as a reason to abandon risk sharing, a lawyer says.
ROMANIA - Romania's mandatory pension system returned 17.7% in 2009 while the voluntary system boasted returns of 15.9%, figures by the Romanian Pension Fund Association (APAPR) showed.
Pension Protection Fund chairman Lawrence Churchill and The Pensions Advisory Service chairman Margaret Snowdon are among those recognised with New Year honours.
As the year comes to a close, GP is taking a look back at the 10 most read features of 2009.
US/NETHERLANDS - Dutch pension fund Stichting Pensioenfonds British American Tobacco (Pension Fund BAT) is suing State Street Bank & Trust for losses in a long/short fund run by State Street Global Advisors.
US/ISRAEL - Telecommunication software provider Comverse Technology will pay US$225m to a group of investors, including at least one pension fund, in what is said to be the largest settlement involving an Israeli institution serving as lead plaintiff....