News
US
US - Two companies have agreed to pay back a total of US$19m to resolve their roles in the ongoing investigation into pay-to-play practices at the New York State Common Retirement Fund (CRF).
09 February 2010
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United Kingdom
UK - Financial services secretary Lord Myners has accused excessive bonuses of ruining British pension funds.
09 February 2010
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Corporate Governance
Lord Myners has accused excessive bonuses of ruining British pension funds.
09 February 2010
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Investment
GLOBAL - Towers Watson has started recommending its clients invest up to half of their passive assets in fundamental indexes.
09 February 2010
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Indices
Towers Watson has started recommending its clients invest up to half of their passive assets in fundamental indices.
09 February 2010
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Admin / Technology
Punter Southall has chosen Altus Instruction Gateway to deliver straight-through processing for its defined contribution and defined benefit administration business.
09 February 2010
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Consultants
The £162m PPG Industries UK pension scheme has appointed Hewitt to provide it with delegated consulting services.
09 February 2010
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Press
David Cameron promises two-year lobbying ban and pension penalties for former ministers; Myners argues bonuses are bleeding pension funds; Do not pay the ferryman until he securitises your risk factor
09 February 2010
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Defined Benefit
The aggregate funding position of the 7400 defined benefit funds monitored by the Pension Protection Fund worsened to a deficit of £51.9bn in January.
09 February 2010
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ETFs
The liability risk-hedging market in the UK surpassed £40bn in 2009, smashing the previous record of £35bn set in 2007, Towers Watson says.
09 February 2010
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