US - The California Public Employees' Retirement System (CalPERS) has announced two new customer service enhancements for its members.
Last week, CalPERS announced it would oppose the re-election of seven board members of electronics company Sanmina-SCI Corporation because of unresolved poor stock performance and governance practices.
The company was placed on CalPERS 2007 Focus List for underperformance, but Russell Read, chief investment officer of CalPERS, said it had been unresponsive.
Sir Philip Green's restructuring proposals for his retail giant Arcadia will not "adequately protect" its pension schemes' members, The Pensions Regulator (TPR) has said.
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
There have now been a total of 47 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...