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Showing 101 - 110 of 117 results for "Pension system"

Australia's funds industry lacks leadership

ALEX DUNNIN  |  FRIDAY, 13 AUG 2010
... has become too retailised and focused on peer comparisons. "You have the world's most cultured and intelligent pension system, credit where it's due, but you have pretty much the world's worst case of peer group obsession. Your investment industry lacks ...

Lessons from US pension funds in crisis

MICHELLE BALTAZAR  |  MONDAY, 21 JUN 2010
... a percent of tax revenue because it collected $115 billion of tax revenue in 2007. Bearing in mind that the US pension system (predominantly defined benefit) is markedly different to the local situation for private and public sector workers (mainly defined ...

DiNapoli slams raid rumours

MEDIA RELEASE  |  THURSDAY, 17 JUN 2010
New York's State Comptroller, Thomas P. DiNapoli, has issued a statement condemning press reports that he will allow New York's $150 billion-plus pension fund to balance the state budget. "There have been a number of outrageous and unfounded rumors ...

Bill backed for calling placement agents lobbyists

COMPANY RELEASE  |  THURSDAY, 8 APR 2010
A US retirement assembly has backed a bill treating placement agents as "lobbyists", in a bid to help protect the integrity of the nation's two largest public pension funds. Assembly member Ed Hernandez, who helped author the bill, said the vote meant ...

PE firm pays NY fund $20m in compensation

MEDIA RELEASE  |  FRIDAY, 11 DEC 2009
... continue to pursue the critical reforms that are necessary to prevent such rampant abuse from again corrupting the pension system." The Attorney General's investigation revealed that after the CRF invested $150 million in a joint venture between the ...

Lift retirement age, lower long term benefits: IMF

ALEX DUNNIN  |  TUESDAY, 10 MAR 2009
The International Monetary Fund (IMF) said countries should consider lifting their retirement ages, raising pension fund contribution rates and containing age-related expenditures such as health costs. The irony however is that countries with largely ...

UK govt to introduce personal accounts scheme

COMPANY RELEASE  |  TUESDAY, 3 FEB 2009
... pensions. Yet, Datamonitor said introducing Personal Accounts would allow pension firms to provide a more holistic pension system across a suite of products. "With the changing financial demands placed upon them, improved life expectancy and more flexible ...

CFA decorates Ambachtsheer

MICHAEL HOBBS  |  FRIDAY, 25 JUL 2008
... wrote Pension Revolution: A Solution to the Pensions Crisis, which detailed a new pension design called The Optimal Pension System (TOPS) last year. He also wrote Pension Funds and the Bottom Line in 1986 and co authored Pension Fund Excellence - Creating ...

Swedish pension lessons for Australia

ALEX DUNNIN  |  WEDNESDAY, 9 JUL 2008
... Nick Sherry, minister for superannuation and corporate law, has suggested Australia look to Sweden's nationalised pension system for a model of how to operate a low-cost superannuation system. But is this the right comparison? The centrally managed Swedish ...

Aussie IT joins FinTech 100

MICHAEL HOBBS  |  MONDAY, 12 NOV 2007
Bravura Solutions features as the only Australian financial services technology provider to rank in this year's FinTech 100. The Financial Insights and American Banker magazine, FinTech 100, determines its rankings from each companies year-end revenues ...