Pension reform divides state of New York

Pension reform in the state of New York is politically embroiled with the New York Governor Andrew Cuomo and fellow democrat New York State Comptroller Thomas DiNapoli at opposite ends of the defined benefit/defined contribution debate. DiNapoli is the sole trustee of the state’s $149.9 billion public fund and a strong proponent of its defined

Review highlights obstacles to long-term thinking

The Kay Review into UK equity markets and long-term decision-making is one of the more sensible of a raft of reviews that have evolved from the crisis. It looks at the interaction, behaviour, incentives and decision-making of all the players in the financial services “value chain”. More than some nationalities, the Brits have been concerned