INCLUDING: US - Risk filings proposed; US - Benefit of CalPERS to economy
US – Risk filings proposed
The Sacramento Bee reported that state officials, joined by California’s two public employees’ pension funds, have petitioned the Securities and Exchange Commission to require publicly held companies to disclose their potential financial risks from global warming.
The publication said the petition included signatures from the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS).
US – Benefit of CalPERS to economy
The Los Angeles Times reported that a study has found that the California Public Employees’ Retirement System (CalPERS) spurred US$15.1bn in economic activity in California in 2006, creating more than 124,000 jobs.
The newspaper added that CalPERS directly invested $8.3bn in the state economy in 2006.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.