Pension

OIPC ‘Powerless’ to Investigate Public Pension Privacy Breaches

The Office of the Privacy Commissioner says it is powerless to investigate a growing number of complaints concerning possible privacy breaches related to the Public Service Pension Plan Corporation. The corporation, which handles public sector pension plans, was formed as the result of government legislation passed last year, and no longer falls under the Access to Information and Protection of ...

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Did Gov. Susana Martinez Break SEC Rules In New Mexico Pension Deals?

When federal regulators in 2010 instituted new ethics rules to prevent Wall Street executives from using campaign contributions to influence government investments, they pointed to New Mexico as an example of a state mired in pay-to-play practices. Just after those rules were enacted — with New Mexico still reeling from an influence-peddling scandal involving state investments — voters elected a ...

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Former BHS owner didn’t get pensions regulator summons as he was ‘on a boat’ | Business

The former owner of BHS has told a court he did not receive demands for information from the pensions watchdog as he was “offshore on a boat”. Dominic Chappell, who headed Retail Acquisitions which bought BHS for £1 from Topshop entrepreneur Sir Philip Green about a year before the department store fell into administration, has been accused of failing to ...

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Norway’s giant pension fund hits one trillion dollars – here are its 10 favorite stocks

The gigantic sovereign wealth fund of Norway passed a milestone this week. Its market value reached one trillion dollars for the first time on Tuesday. Statens pensjonsfond utland, as it is called in Norway, is actively managed and invests in a wide range of asset classes. The fund is betting heavily on stocks, which accounts for almost two-thirds of the ...

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Contract, pension settlements cause Montreal to post small deficit

Contract, pension settlements cause Montreal to post small deficit | Montreal Gazette Skip to navigation Skip to content 5 / 5 A series of contract and pension plan settlements with municipal employees caused Montreal to project a budgetary deficit for 2017 of a little more than $31 million, the city’s executive committee heard on Wednesday. A presentation of the city’s ...

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CalPERS rejects pension COLA cap

The state’s largest pension fund on Tuesday shot down a pitch from a Republican lawmaker who wants it to study how much money it could save by cutting benefits for retired public workers. Sen. John Moorlach of Orange County in July wrote letters to CalPERS board members – Richard Costigan and Dana Hollinger – making two touchy requests for the ...

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FCA forces pension transaction cost disclosure

Fund managers and investment companies will have to disclose all transaction costs on workplace pensions from 3 January next year. New rules set out by the FCA will effectively mean those running defined contribution pensions have to comply with Mifid II and Priips legislation. These require investment companies to disclose indirect charges – such as transaction costs – and publish ...

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FCA to force DC transaction and administration cost disclosure from January

The FCA said the rules would align with incoming PRIIPs regulations Firms will have to provide a breakdown of administration and transaction costs when requested by workplace defined contribution (DC) governance bodies from 3 January 2018. Under rules announced by the Financial Conduct Authority (FCA) today, regulated firms managing money on behalf of DC schemes will need to supply information ...

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