News
Ireland
IRELAND - Plans to impose a pensions contribution levy on civil servants have been attacked by the Irish Labour party, calling the proposals "unfair" and demanding the government not make "scapegoats" out of the public sector.
17 February 2009
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Canada
US - The Canada Pension Plan Investment Board posted returns of negative 6.7% for the quarter ended December 31 on the back of weak equity markets.
17 February 2009
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Defined Benefit
The prime minister has ordered a major review of MPs' pension arrangements which could see the defined benefit scheme switched to defined contribution.
16 February 2009
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US
US- The New Mexico Educational Retirement Board last week declined to provide investment documents to a former employee who has filed a law-suit alleging pay-to-play practices at the pension fund.
16 February 2009
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US
US- The investment chief at the US$81bn Teacher Retirement System of Texas (TRS) has forfeited his bonus pay estimated at $167,838 until the pension fund posts positive returns for a year.
16 February 2009
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Appointments
THE Local Authority Pension Fund Forum has appointed David Sellors to the newly created post of chief operating officer.
16 February 2009
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Press
OECD calls for pensions institution; Siemens braves climate with new VC initiative; Spanish funds fail to deliver
16 February 2009
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Appointments
THE Pensions Regulator has reappointed Alan Pickering and Chris Swinson as non-executive directors
16 February 2009
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Defined Contribution
MANY employers and employees are failing to receive good value from their defined contribution pension schemes, Towry Law says.
16 February 2009
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Investment
OVER half of UK pension (61.3%) schemes would consider outsourcing the management of their assets to a fiduciary manager, a poll by SEI shows.
16 February 2009
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