Accounting

News and Videos on Account from Pensions & Investments

  1. Society of Actuaries: Expect long-term increase to minimum required contributions

    trueMinimum required contributions for private-sector defined benefit plans have dipped in recent years, but are poised to rise again in the long term, the Society of Actuaries said.

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  1. CFA Institute names new president, CEO

    truePaul H. Smith was named president and CEO of the CFA Institute, effective Tuesday.

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  2. Oklahoma Public Employees re-signs actuary, auditor

    trueOklahoma Public Employees Retirement System rehired Cavanaugh Macdonald Consulting and Finley & Cook as its actuarial consultant and internal auditor, respectively, pending successful contract negotiations.

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  3. Arizona auditor general taps Gallagher for performance audit of 2 pension funds

    trueArizona Office of the Auditor General hired Gallagher Fiduciary Advisors to conduct a performance audit of the $33.7 billion Arizona State Retirement System and $8.1 billion Arizona Public Safety Personnel Retirement System.

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  4. Iowa PERS seeks independent audit, evaluation of actuary

    trueIowa Public Employees’ Retirement System is searching for a firm to provide actuarial audit services

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  5. Mercer: Industry-specific mortality assumptions can alter pension liabilities

    trueSome corporate defined benefit plans would be better served by adopting industry-specific mortality assumptions rather than the new Society of Actuaries mortality tables, said a recent webcast from Mercer.

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  6. NYC comptroller seeks review of asset management office, preps consultant search

    trueNew York City comptroller's office is searching for a firm to conduct a management and operation review of the Bureau of Asset Management, the unit responsible for assisting the boards of the five pension funds that make up the New York City Retirement Systems.

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  7. Irving pension fund sues Tesco for fraud

    trueTesco PLC and its directors misled investors about its financial health, according to a Texas pension fund that sued the U.K.’s biggest retailer just as it’s facing an onslaught from rival European companies.

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  8. Solutions to the pension crisis

    trueIf U.S. pensions funds were to mark-to-market assets and liabilities, they would have a deficit of about $4 trillion. If TARP I was a national emergency at $800 billion, what do you call this?

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  9. Colorado PERA signs up for actuarial audit

    trueColorado Public Employees’ Retirement Association, Denver, hired Milliman to provide actuarial audit services.

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  10. Good returns ease public pension fund fears as GASB changes take hold

    trueThe first batch of public pension fund financial reports under new accounting standards will be out this fall, and after a bumpy adjustment period, the preliminary results so far are good — or at least not as bad as expected.

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  11. 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

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  12. Iowa Municipal Fire & Police seeks actuarial auditor

    trueIowa Municipal Fire & Police Retirement System issued an RFP for an actuarial audit services firm.

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  13. Chicago Municipal fund searching for actuary

    trueChicago Municipal Employees' Annuity & Benefit Fund is searching for an actuarial consultant.

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