The European Federation for Retirement Provision has appointed Matti Leppälä to succeed Chris Verhaegen as secretary general.
EUROPE - The European Federation for Retirement Provision (EFRP) has appointed Matti Leppälä to succeed Chris Verhaegen as secretary general.
DENMARK - Danish pension provider ATP recorded a profit of DKK8.1bn ($1.6bn) in the first six months of 2011 driven by high returns in commodities and inflation-related assets.
US - Employer contribution rates for the New York State and Local Retirement System will rise to nearly 19% from next year, comptroller Thomas DiNapoli has announced.
European Union rules on the establishment of cross-border pensions must be simplified, Aon Hewitt believes.
EUROPE - EU rules on the establishment of cross border pensions must be simplified, Aon Hewitt believes.
US - The Pension Benefit Guaranty Corporation (PBGC) has announced plans to ease regulatory burdens faced by pension plan sponsors.
US - Institutional investors rebalancing their portfolios following recent market volatility have leaned towards investments in high-dividend equities, active emerging markets and selective commodities, officials at J.P. Morgan Asset Management find....
SWITZERLAND - UBS is slashing 3,500 jobs as part of its cost cutting scheme with almost half coming from its investment banking business but only 10% from its global asset management unit.
US - President Barack Obama has appointed Michael Kennedy as chairman of The Federal Retirement Thrift Investment Board (FRTIB).