US - Kentucky governor Ernie Fletcher said he was prepared to call a special session if the two houses in the capitol could not reach an agreement over pension reforms.
Fletcher claimed immediate action would save taxpayers millions of dollars. “This matter is too important to let personalities and politics stand in the way,” he said.
Fletcher committed US$24m of the state’s surplus into state retirement funds in 2006 with another $50m recommended in 2007.
The governor commended the senate for enthusiasm and hard work and offered the leaders of both chambers his staff’s support to push forward the issue.
The US senate recently approved the sale of $800m in bonds to bolster the state’s pension funds, including $540m to the Kentucky Retirement System and $290m to the Kentucky Teachers Retirement System.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.