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.
Many single-employer trust-based DC schemes will move to a master trust in coming years. Stephen Richards looks at the pitfalls they need to avoid
Robin Ellison says it is not unreasonable for schemes and their trustees and sponsors also to expect an improvement in the tone of regulation
The Pensions Regulator (TPR) has ordered a firm to pay back more than £700,000 of pension contributions after it miscalculated the amounts due for more than a year.
Insurers are set to face a "flood of requests" from pension schemes for buy-in contracts to be restructured to allow for guaranteed minimum pension (GMP) equalisation, Aon warns.