News
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
•
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
•
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
•
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
•
Appointments
THE Local Authority Pension Fund Forum has appointed David Sellors to the newly created post of chief operating officer.
16 February 2009
•
Press
OECD calls for pensions institution; Siemens braves climate with new VC initiative; Spanish funds fail to deliver
16 February 2009
•
Appointments
THE Pensions Regulator has reappointed Alan Pickering and Chris Swinson as non-executive directors
16 February 2009
•
Defined Contribution
MANY employers and employees are failing to receive good value from their defined contribution pension schemes, Towry Law says.
16 February 2009
•
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
•
United Kingdom
UK - 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
•
