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OECD's Dire Warning on Pensions?
Alistair Gray and Josephine Columbo of the Financial Times report, OECD warns over pension scheme solvency as low rates bite:Retirement funds and life assurers are in danger of being unable to keep...
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CalPERS' Fiduciaries Breach Their Duties?
Alexandra Stevenson of the New York Times reports, Calpers’s Disclosure on Fees Brings Surprise, and Scrutiny:Earlier this year, a senior executive of the California Public Employees’ Retirement...
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Greece's Metaxas Moment?
“There’s a dark night going on in Europe, a dark and foggy night where bad things come out of trees and bite you. It’s a pretty scary place.” -- Michael Sabia (2013), CEO of the Caisse de dépôt et...
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Averting a Greek Collapse?
Joseph. Stiglitz, a Nobel laureate in economics and University Professor at Columbia University, wrote an op-ed for the Guardian, How I would vote in the Greek referendum:The rising crescendo of...
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A Somber Canada Day?
Daniel Tencer of the Huffington Post reports, Recession Threat Looms As Canada's Economy Shrinks For 4th Month In A Row:The odds that Canada will see a recession this year just rose...
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The Plight of Greek Pensioners?
Lefteris Karagiannopoulos of Reuters reports, Plight of Greek pensioners heaps pressure on Tsipras:Long lines of pensioners jostling to get into a limited number of banks opened specially to pay out...
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Return To Ithaca?
Lefteris Papadimas and Renee Maltezou of Reuters report, Greece forces Europe to choose between political unity or economic dysfunction:European leaders, stunned by the Greek referendum result, have...
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China's Pension Fund To The Rescue?
Last week, Bloomberg reported, China Plans to Allow Pension Fund to Invest in Stock Market:China will allow its basic endowment pension fund to invest in stock markets, according to draft regulations...
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Did Greece Just Cave To Creditors?
Gabrielle Steinhauser and Tom Fairless of the Wall Street Journal report, Greece Requests Three-Year Bailout in First Step Toward Meeting Creditors’ Demand:Greece formally requested a three-year...
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Enfin! An Agreekment!
Paul Taylor and Renee Maltezou of Reuters report, Euro zone strikes deal with Greece after all-night struggle:Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on...
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Curtailing Lump Sum Pension Payouts?
Ashlea Ebeling of Forbes reports, Treasury Curtails Lump Sum Pension Payouts:In a sudden move, the Treasury Department said it will stop allowing employers to offer certain workers the option to take...
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The Trillion Dollar State Funding Gap?
Mandi Woodruff of Yahoo Finance reports, State pension funds face $1 trillion funding gap:More depressing news for workers who depend on a pension to fund their retirement: State-run pension funds...
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The Bank of Canada Stumped?
Barrie McKenna of the Globe and Mail reports, Bank of Canada cuts key rate as economy contracts, exports stall:Stephen Poloz is refusing to call it a recession, but the Bank of Canada Governor says the...
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Saving Greece, Saving Europe?
Geir Moulson and Elena Becatoros of the Associated Press reports, German Parliament approves plan for new Greek bailout:German lawmakers overwhelmingly backed Friday a new bailout plan for Greece after...
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bcIMC Gains 14.2% in Fiscal 2015
Janet McFarland of the Globe and Mail reports, B.C. pension management firm reaps benefits of global markets:A tactical decision to shift investments into global stock markets paid off last year for...
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A Tale Of Two Markets?
Pratish Narayanan of Bloomberg reports, Commodity Rout Worsens as Prices Tumble to Lowest Since 2002:The rout in commodities deepened with prices touching the lowest since 2002 as the prospect of...
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Ontario’s Pension Power Grab?
The National Post published its editorial comment on Ontario’s pension power grab:A new Fraser Institute report raises serious questions about the veracity of the Ontario government’s claim that a new...
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Bridgewater Turns Bearish on China?
Rob Copeland and Mia Lamar of the Wall Street Journal report, Giant Hedge Fund Bridgewater Flips View on China: ‘No Safe Places to Invest’:The world’s biggest hedge fund has turned on the world’s...
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An Ominous Sign From Commodities?
Martin Ritchie and Agnieszka De Sousa of Bloomberg report, Copper Poised for Worst Week Since January as Commodities Slump:Copper traded near the lowest since 2009 as Chinese manufacturing data added...
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PSP Investments Gains 14.5% in Fiscal 2015
The Canada News Wire reports, PSP Investments Reports Fiscal Year 2015 Results:The Public Sector Pension Investment Board (PSP Investments) announced today a gross total portfolio return of 14.5% for...
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