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How to tackle pay structures

The remuneration of pension fund investment executives is a sticking point in the industry. To compete with the open market, attract and retain a certain calibre of executive, and compensate them for the peculiarities of being a fiduciary, there is a certain minimum required. At the same time this has to be balanced with communication […]
Sustainability

Investors’ climate summit

After a tentative agreement was achieved by global leaders in Durban in December more than 500 global investors will meet at the United Nations next week to discuss the investment needed to address climate change. The chief executive officers of CalPERS and CalSTRS, as well as the comptrollers of New York’s state and local public […]
Uncategorised posts

CalPERS warns on pension reforms

CalPERS has raised concerns that California Governor Edmund G. Brown Jr’s plan for a hybrid defined contribution (DC) and defined benefit (DB) public pension system could lead to a more conservative investment strategy and threaten the actuarial soundness of its existing DB scheme. The $225.2 billion fund released a working paper on Governor Brown’s 12-point […]
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