US- CalPERS has formed a risk committee to help the board evaluate portfolio-wide risk, officials at the pension fund said.
Risk management has been thrown into the spotlight since the credit crunch and market downturns highlighted hidden risks investors were taking in their portfolios.
Norway's Government Pension Fund-Global, for example, is re-evaluating its risk processes to include credit and liquidity risk after losses in the fund's fixed income portfolio. (Global Pensions, 26 March 2009)
The members of the risk committee at CalPERS will be George Diehr, Hanry Jones, Priya Mathur, Lou Moret, Tony Liveira and Kurato Shamada - all current board members.
The committee's firm meeting will be held on 20 April.
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.