News and Videos on Account from Pensions & Investments
U.K. accounting changes could slash pensions on balance sheets
trueProposed changes to pensions accounting standards could wipe more than £25 billion ($42 billion) from FTSE 350 company balance sheets
Iowa Municipal Fire & Police seeks actuarial auditor
trueIowa Municipal Fire & Police Retirement System issued an RFP for an actuarial audit services firm.
Chicago Municipal fund searching for actuary
trueChicago Municipal Employees' Annuity & Benefit Fund is searching for an actuarial consultant.
New actuary tables may be 'nail in the coffin' for DB plans
trueThe measured value of liabilities for most defined benefit plans will increase between 3% and 8% with the adoption of new mortality tables, said a report from Wilshire Consulting.
Hedge funds, banks come under fire for basket options
trueRenaissance Technologies, Barclays Bank PLC, and Deutsche Bank AG were criticized for misusing structured financial products to avoid taxes and banking leverage limits.
GMI to expand its ratings to emerging markets
trueGMI Ratings will introduce a combined set of accounting and governance ratings on some 9,000 companies in nearly 60 emerging markets countries.
Tax minimization not always the best policy
trueGoogle Inc. shareholders were scheduled to vote on a proposal May 14, sponsored by my firm, seeking the adoption of a responsible code of conduct to guide the company's global tax strategies. I expect this proposal has prompted a quizzical reaction from many investors who assume that minimizing ...
European Court of Justice rejects U.K.'s challenge to financial transaction tax
truehe U.K.'s challenge to the introduction of a tax on financial transactions in the European Union was rejected by the European Court of Justice, leaving the pensions industry concerned over the negative effect on savings.
Impact of GASB's new pension rules on government bond ratings
trueFor many public sector retirement plan sponsors, the Governmental Accounting Standards Board's new pension reporting rules couldn't have come at a worse time. The changes, effective June 15 and encapsulated in GASB Statements 67 and 68, mandate that governmental balance sheets reflect unfunded ...
Alaska retirement plans searching for actuarial consultant
trueAlaska Division of Retirement & Benefits, Juneau, is searching for an actuarial consultant for the state’s seven retirement plans, wrote Jim Puckett, chief operations officer, in an e-mail.
CalSTRS' unfunded liabilities rise $2.7 billion
trueCalSTRS' unfunded actuarial obligation has increased to $73.7 billion as of June 30, up $2.7 billion from the previous year, according to a pension fund report.
Tacoma Employees issues call for actuarial consultant
trueTacoma (Wash.) Employees' Retirement System is searching for an actuarial consultant.
GASB votes against delaying reporting of liabilities
trueGovernmental Accounting Standards Board voted unanimously on Monday not to delay the implementation of Statement 68, which affects how governments report their pension fund liabilities.
Indiana Public Retirement issues call for auditing firm
trueIndiana Public Retirement System, Indianapolis, is searching for an external auditing firm to ensure its compliance with GASB accounting standards.
A pathway to stronger plans
trueAn independent panel of the Society of Actuaries has laid out a path to strengthen public defined benefit plans, championing the valuation of pension liabilities in a more economically realistic way.