Watch breaking news videos and read news updates about Asset Owners on pionline.com
Canadian pension funds return 1.1% in quarter on foreign currency gains
trueCanadian defined benefit plans in the RBC Investor & Treasury Services universe returned 1.1% in the third quarter and 8.6% for the first nine months of 2014.
China Investment Corp. chief tapped as chairman of investment bank CICC
trueDing Xuedong, the chairman and CEO of sovereign wealth fund China Investment Corporation, was appointed chairman of Beijing-based investment bank China International Capital Corporation Limited and a member of the company's board of directors, a CICC news release Thursday said.
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.
Danish pension funds now required to report hedge fund use
trueDenmark's Financial Supervisory Authority will require pension funds to submit quarterly reports on their alternative investments to track their use of hedge funds, exposure to private equity and infrastructure projects. The decision follows pension funds' failures to account adequately for risks ...
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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 ...