Posts by: John Devine

May 7, 2012 – Things are heating up for Canadian DB pension funds, with hot stocks driving investments to their best results in 18 months, according to a new report. The first quarter of 2012 saw the plans earn 4.5 per cent, their best performance since the third quarter of 2010, says RBC Dexia Investor Services....

May 7, 2012 – Kenya’s pension regulator is pledging to go after employers who don’t remit funds contributed by employees for retirement plans. The regulator, the Retirement Benefit Authority, is also calling for action to prevent the collapse of the country’s Pyrethrum Board of Kenya Staff Superannuation Scheme (BPK)....

May 7, 2012 – Instead of rushing into an ill-conceived and risky defined contribution scheme as a pension model for public employees, New Hampshire legislators should consider alternatives that retain the benefits of a traditional pension plan, states an editorial in the Concord Monitor. New Hampshire is among the...

May 4, 2012 – With millions of Londoners about to elect a new mayor, or keep the current one, Boris Johnson, candidates were asked about their views on pensions. The questions, by Professional Pensions, were posed to Johnson and challengers Jenny Jones, Brian Paddick and former mayor Ken Livingstone. The questions come...

May 4, 2012 – While asset allocation is what mostly keeps DB sponsors and administrators up at night, the real focus should be on volatility of returns, writes Kimberlee Lisella online at CFO. It’s the latter which can cause funded gaps, leading sponsors to consider a wide range of solutions, including higher...

May 4, 2012 – Immigration personnel across the UK are set to join other labour groups for a one-day strike on May 10 to protest government cuts to the country’s state pension system. It’s expected that the work stoppage by immigration staff will cause serious service disruptions. The union representing immigration...

May 4, 2012 – South Carolina’s plan for renewing its public pension system is receiving kudos from labour leaders and politicians. The plan will see little change to current employees’ pension benefits, and will keep the defined benefit model for future employees. The chair of the subcommittee responsible for shoring up...