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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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NY funding controversy spurs pension reforms

The arrest of a fundraiser for New York city comptroller John Liu and the ongoing federal investigation into his finances confirms the need for the governance reform planned for the city’s five public pension funds, Columbia Business School Professor Andrew Ang says.
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Danish pension fund ATP expands to UK

Danish pension fund ATP will expand its operations into the United Kingdom, and the new head of its UK operations, Morten Nilsson, says they can offer a more diverse range of investments and better risk controls than what is currently available to many British pension fund members.
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Life’s lessons can be applied to pension reform

The UK’s London Pension Fund Authority issued a green paper this week outlining the key ingredients needed to build a better scheme and its successful implementation by 2015. In all corners of the world building a better pension scheme is on the agenda. What then are some of the universal principles for success that all funds can adopt regardless of geography?
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Dutch shake up pension system

The Dutch Government, some unions and employers have agreed on a deal to radically reform the Dutch pension system, with the formerly defined-benefit scheme edging towards a more hybrid defined-contribution arrangement.
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