pensions fund news
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Pension industry gives a boost to infrastructure
London :: United Kingdom | 3 months ago
Credibility
The Government's widely questioned push to kickstart the economy though luring pension funds to cough up the cash to build new roads, waste facilities and prisons received a welcome boost today. The pension industry confirmed that it has secured two
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Mark-to-market accounting: A volatility villain
Toronto :: Canada | 3 months ago
Credibility
Market View Earnings Bill Ackman, CEO of hedge fund Pershing Square. Market View In our view, it is because of a shift in the structure of our capital markets. Once upon a time, there was equilibrium across the players that helped keep volatility in
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Pension deficits fall back to £211bn
London :: United Kingdom | 3 months ago
Credibility
The deficit of private sector, final-salary, pension schemes fell back in January, according to figures from the Pension Protection Fund (PPF). The PPF said the collective deficit of the 6,316 schemes fell from £245bn in December to £211bn. Huge
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Georgia pensions sit out shareholder lawsuits
Jacksonville :: FL :: USA | 3 months ago
Credibility
Saturday, Feb. 9, 2013 Sponsored Links After losing $11 billion during the near meltdown on Wall Street in 2007-2009, you might expect that Georgia's two largest public pension plans would have filed at least one of the hundreds of shareholder
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Pensions scam tops £400m
London :: United Kingdom | 4 months ago
Credibility
Pensions 'liberation' scam tops £400m Reporter, Money Box Do not be tempted to release money from your pension fund before the age of 55, regulators say The UK's Pensions Regulator says individuals have given illegal "pension liberation" schemes an
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Federal gift of land to schools went awry
Salt Lake City :: UT :: USA | 4 months ago
Credibility
The land was given in trust by Congress when California joined the union to support the education of children, then and forever more. Other states received similar "sacred, irrevocable" trusts for their schools. In California, a state blessed with
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Engineering pension funds announce savage pay-out cuts
Amsterdam :: Netherlands | 4 months ago
Credibility
T engineering and technical workers fund will see their pensions cut by 6.3%, while the PME electrical engineering fund is slashing pay-outs by 5.1%. The cuts are necessary in an effort to boost the funds' assets, which have been hit by falling
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Illinois'credit rating on par or worse than many third world countries
This is the griim reality and current state of affairs for the land of Lincoln and Obama after having their credit rating downgraded by Standard & Poor's to an A-. This downgrade now puts Illinois on par with the African nation of
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Goldman unit insures Vestey's UK pension fund
London :: United Kingdom | 4 months ago
Credibility
Goldman Sachs's insurance arm has agreed to insure 115 million pounds ($182 million) of liabilities of food distributor Vestey Group's retirement fund, making it the biggest player in the UK market for so-called bulk purchase annuities. Vestey's
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Conviction for molesting girl doesn't stop retired Round Lake Beach cop's pension
Round Lake Beach :: IL :: USA | 4 months ago
Credibility
Round Lake Beach taxpayers continue to provide a pension to a now-retired police officer who was convicted of molesting a 16-year-old girl while off duty and is on a law enforcement agency's sex-offender registry. Citing state law and a legal opinion,
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