Other Views

  1. Challenges from 401(k) fiduciary breaches litigation

    trueWith ERISA entering its 41st year, commentators highlighting the landmark legislation's successes and failures have paid little attention to the newfound focus on fiduciary responsibility resulting from an increase in litigation from alleged fiduciary breaches, particularly in 401(k) defined ...

    Articles

  1. Canada offers lessons for CalPERS, other U.S. funds

    trueI was a member of a task force created in the late 1980s by the government of Ontario to recommend how the province's public-sector pension plans might be restructured for better performance.

    Articles

  2. Kick-starting an internal risk-management dialogue

    trueConventional risk management efforts are often designed to manage risk when conditions are considered normal or in a business-as-usual environment, but not during extremes, which is when risk management is most needed.

    Articles

  3. Why the Halliburton decision matters

    trueThe U.S. Supreme Court’s ruling in Halliburton Co. et al. vs. Erica P. John Fund Inc. is a significant victory for institutional investors in pursing securities class-action lawsuits.

    Articles

  4. A new DC plan to replace current patchwork system

    trueOur nation needs to replace its existing retirement system — now.

    Articles

  5. An asset owner meets challenges of cost, performance

    trueIn reaction to criticism of costs and performance, Karl Koch, chief investment officer of the $27.65 billion Iowa Public Employees' Retirement System, Des Moines, posted on its website the following response on the use of active and passive investment management as well as performance and fees. The ...

    Articles

  6. Investors should address aggressive corporate tax planning

    trueSustainable, well-run businesses should pay a fair level of tax, and avoid the reputational, legal and financial risks posed by aggressive tax planning.

    Articles

  7. Keeping the PBGC from being the next bailout recipient

    trueA series of recently issued reports have addressed various governance and financial challenges facing the Pension Benefit Guaranty Corp. The takeaway from all of them is that unless changes are made in the way the federal pension insurance system is governed and financed, there is a heightened risk ...

    Articles

  8. Changing priorities could weaken retirement system

    trueIt's no secret the U.S. retirement system needs to evolve, but this year we are seeing an unprecedented perfect storm.

    Articles

  9. States should step in to offer retirement options

    trueBarbara Williams is a former aerospace worker in California who lost her piece of the American dream when that industry downsized. She lost her job, benefits and hope for a dignified retirement.

    Articles

  10. Put a monkey in there? I prefer you guys

    trueBarrick (Gold Corp. was created and grew) without any government support. Yes, the government is behind us. Barrick never received a dollar subsidy, but Barrick did contribute $8 billion in pure direct taxes paid in its existence. Barrick also ... is employing today 25,000 people.

    Articles

  11. Is it time for public plans to embrace an LDI approach?

    trueOver the better part of the past decade, corporate defined benefit plans have adopted liability-driven investing, while their public plan counterparts have largely ignored this investment approach.

    Articles

  12. Long-term Investing and Keynes' wisdom: Succeeding unconventionally

    trueThe financial crisis has brought about a renaissance in Keynesian thinking, especially in relation to the debate over austerity vs. stimulus. But the great economist John Maynard Keynes was, perhaps, even more insightful in his analysis of investment behavior.

    Articles

  13. Using tontines to solve public pension underfunding

    trueTontines are investment vehicles that could replace large pension plans, public or private, or those of smaller employers, and could be used to provide retirement income for participants.

    Articles