Other Views

  1. 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 ...

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  2. Don't look to DC as way to address DB funding crisis

    trueLack of understanding about funding costs clouds the debate over public pension reform.

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  3. 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 ...

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  4. FATCA's good, bad, ugly choices

    trueJuly 1 this year marks the dawn of the FATCA new world order. Giving the U.S. Internal Revenue Service unprecedented extraterritorial powers to gather information on foreign financial institutions and their underlying account holders, the Foreign Account Tax Compliance Act represents the U.S. ...

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  5. Pension funds should derisk now

    trueThe improvement of the funded status of corporate defined benefit plans offers plan sponsors and plan advisers a real opportunity to quantify and downsize risk.

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  6. Infrastructure still elusive in pension fund asset allocation

    trueThere's ample room for pension plans to increase their allocations to infrastructure.

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  7. Illusionary retirement accounts

    trueAs currently conceived, myRA helps people start saving now. What is missing is help to encourage them to save even more later.

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  8. A new cop at the SEC

    trueWith Mary Jo White now leading the Securities and Exchange Commission, senior executives of investment management firm and officials of fiduciary fund boards as well as compliance professionals alike should recognize the need to step up their game to avoid a potential run-in with the new cop on the ...

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  9. Retirement: A welcome focus from the State of the Union

    trueNot too long ago, talk of a retirement crisis, the reaction, more often than not, was “I'll believe it's a crisis when people start acting like it's a crisis.”

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  10. Arbitration threatens to wipe out shareholder rights

    trueA new movement would push companies to adopt provisions that could limit shareholders' ability to protect and enforce their rights in courtrooms across the country.

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  11. Flaws of adopting cost cutting in switching to DC plans

    trueThinking back to 2007 — before the financial crisis — public pension plans in the aggregate had nearly 90% of the assets on hand required to pay retirement benefits due decades in the future. However, like all investors, public pension funds took a deep hit when the financial markets melted down in ...

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  12. Misdirected impulse to shift from DB plans

    trueAlthough often assumed to save money, defined contribution plans are inefficient compared with defined benefit plans, which benefit from risk pooling, economies of scale and higher investment returns.

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  13. 2014 investment resolutions

    trueEvery market brings an opportunity to apply time-tested investment disciplines to a brand new fact set. Today, facts are substantially different than they were just a year ago.

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  14. Private equity's contribution to strengthening a pension fund

    trueThe strong performance of our private equity portfolio is helping us to strengthen the retirement security of our members and lower the cost to taxpayers and the city. That's a winning formula for everyone.

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