Asset owners

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  1. Towers Watson launches non-profit think tank to improve investment industry

    trueTowers Watson is launching a global, non-profit think tank comprising asset owners, investment managers and other services providers that will focus on improving the investment industry for end savers.

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  1. Buck Consultants taps DC head for the U.K.

    trueSue Curley joined Buck Consultants as head of defined contribution trust based services in the U.K., said a spokeswoman.

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  2. AP2 to divest from coal, oil and gas companies

    trueAP2, Gothenburg, Sweden, is to divest from coal and oil and gas production companies to reduce its financial risk in fossil-fuel-based energy, said a spokeswoman.

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  3. Multiemployer DC plan goes with Great-West as record keeper

    trueDirected Account Plan, Bridgeton, Mo., hired Great-West Retirement Services as record keeper, said Michelle Silberberg, executive director.

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  4. EIOPA chairman calls for more governance, transparency

    trueA simpler set of products from the pensions industry could lead to less stringent regulation, said Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority.

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  5. 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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  6. Verisight and Newport Group merge DC businesses

    trueVerisight Inc., Walnut Creek, Calif., will acquire Newport Group Inc., Orlando, Fla., in a combination of companies that provide defined contribution record keeping, investment consulting, executive benefits and defined contribution consulting.

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  7. U.K. pensions minister addresses charge cap at NAPF conference

    trueThe U.K. government will launch its command paper Friday setting out details of how it will cap charges on default pension plans, said Steve Webb, minister for pensions.

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  8. U.K. Pensions Regulator prepares for smaller companies to start auto enrollment

    trueThe U.K.’s pensions watchdog expects to be forced to increasingly exercise its statutory powers against employers that fail to comply with automatic enrollment requirements as small businesses prepare to enter the process.

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  9. CEO of Voya's DC business resigns

    trueMaliz Beams is resigning as CEO of Voya Financial's retirement solutions business to pursue “other opportunities,” said a news release from Voya.

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  10. Ofcom completes total pension buy-in with Legal & General

    trueOfcom, London, agreed to the final pension buy-in with Legal & General in a series of deals over the past six years to cover all £250 million ($398.7 million) of pension liabilities across its two pension plans.

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  11. NAPF chairman wants more clarity on U.K. DC savings changes

    trueThe U.K. government must communicate with the industry and clarify issues around its pledge to increase freedom and choice in defined contribution plans to help the money management and pensions industry in general to avoid causing "fear and confusion," says the National Association of Pension ...

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  12. Geldof makes case at NAPF conference for new areas of pension fund investment

    trueThe case for investing in new markets and asset classes is stronger than ever, given "ridiculous" bond yields, said Sir Bob Geldof, musician, business entrepreneur and political activist.

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  13. University of Guelph seeks consultant for asset/liability study

    trueUniversity of Guelph (Ontario) is searching for an investment consultant to conduct an asset/liability study of its three defined benefit plans with a combined C$854 million (US$757 million) in assets.

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