Principal at Mercer, Craig Rosenthal, was among the witnesses who gave testimony to the US House of Representatives Committee On Ways and Means, under the hearing “Defined Benefit Pension Plan Funding Levels and Investment Advice Rules” on October 1.
His testimony included findings of new Mercer analysis of data from 874 clients’ defined benefit plans. The analysis by Mercer’s US pension actuaries, including estimated 2009 required contributions and credit balances, is detailed here.
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While regulatory reforms can introduce improvements to complex investment products such as standardisation, Dr Arjuna Sittampalam, Research Associate with EDHEC-Risk Institute and Editor, Investment Management Review, argues an increased suppression of complexity could be unfortunate, particularly as pension funds begin to take to derivatives in a big way. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Asset consultant Towers Watson has debuted on Nasdaq and the NYSE with two quiet days trading in a very tight band around US$49, following Watson Wyatt’s $3.5 billion merger with rival Towers Perrin. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Asset consultants Russell Investments and State Street Global Advisors (SSgA) are both bullish on the Australian economy and equities, in particular, with Russell tipping industrials and a return of 10 per cent this year. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The $200 billion California Public Employees’ Retirement System (CalPERS) has hired Mercer Consulting review the investment office incentive compensation program, a design set up in 1997 under the guidance of the board’s compensation consultant Watson Wyatt. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The $9.4 billion Los Angeles City Employees’ Retirement System (LACERS) has extended its request for a proposal for a general consultant to the end of January 2010, as it looks to consider for the first time using a pool of consultants to bid on special projects. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Pension funds globally should maintain the pressure on governments to deliver on their promised emission reduction targets, in the wake of a “disappointing” result in Copenhagen, according to the executive director of the Institutional Investors Group on Climate Change, Stephanie Pfeifer. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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