US - Rob Feckner has been unanimously re-elected as board president of the US$207bn California Public Employees' Retirement System (CalPERS).
Feckner, who was first elected to the CalPERS Board in 1998 and re-elected in 2002 by the System's classified school members, said: We will defend defined benefit plans and fight any attacks that will jeopardise the retirement benefits of our members. And we will protect our investments from corporate fraud, greed and mismanagement.
In addition, Robert Carlson was re-elected as vice-president after taking up the position in 2000.
Feckner said he was committed to protecting the financial and health security of members and retirees in the next year, and said he would continue to work side-by-side with employers to find relief for rising pension costs.
By Damian Clarkson
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.