NYC pension examiner pleads guilty to stealing $624K from retirees
BROOKLYN, NY — A former New York City retirement system employee pleaded guilty on Wednesday to stealing more than $624,000 from two retirees over a nearly three-year span, using his position to…
Florida man accused of stealing nearly $80,000 in pension payments after father’s death
MINEOLA, N.Y. — A Daytona Beach man has been charged with grand larceny and identity theft for allegedly withdrawing and spending nearly $80,000 in pension payments intended for his father, who passed…
New York City Employee Indicted for $624K Pension Theft
Brooklyn, NY - New York City Employee Indicted for $624,000 Pension Theft A Brooklyn man has been arraigned on charges of stealing approximately $624,000 from two retired New York City employees' pensions.…
Huntington town worker stole $56k from dead mother’s pension
SUFFOLK COUNTY, N.Y. — Moses K. Johnson, 63, of Huntington, has pleaded guilty to Grand Larceny in the Fourth Degree for illegally collecting more than $56,000 in public pension payments intended for…
New Jersey Legislators Propose Stricter Pension Forfeiture Laws for Corrupt Officials
TRENTON, NJ — New legislation has been introduced in New Jersey aiming to mandate the forfeiture of pension benefits by public officials convicted of crimes linked to their office. Sponsored by Assemblywoman…
EXCLUSIVE: Red State’s Pension Funds Used To Push Anti-Oil Shareholder Proposals, Report Finds
Louisianans’ pension funds have frequently been used to advance climate-related proposals within publicly traded companies, according to a report from conservative watchdog group American Accountability Foundation (AAF). The Louisiana State Employees’ Retirement…
Australia regulator scrutinises pension funds over unlisted asset pricing
By Lewis Jackson SYDNEY (Reuters) – Australia’s prudential regulator said on Wednesday it will review how sections of the A$2.5 trillion ($1.7 trillion) pension fund sector value unlisted assets and that it…
EXCLUSIVE: Swing State’s Pension Funds Used By Wall Street Titans To Push ‘Racial Equity’, Climate Agenda, Report Finds
EXCLUSIVE: Swing State’s Pension Funds Used By Wall Street Titans To Push ‘Racial Equity’, Climate Agenda, Report Finds Jason Cohen on January 25, 2024 Asset managers have repeatedly leveraged Nevadans’ pension funds…
Exclusive-Malaysia set to appoint PNB chief to lead country’s biggest pension fund – sources
By Yantoultra Ngui and Rozanna Latiff SINGAPORE/KUALA LUMPUR (Reuters) -Malaysia is expected to name Ahmad Zulqarnain Onn, group CEO of the country’s largest asset manager Permodalan Nasional Berhad (PNB), as the head…
Explainer-Why are there concerns about China’s pension system as its population ages?
By Farah Master HONG KONG (Reuters) – China’s ageing population threatens key Beijing policy goals for the coming decade of boosting domestic consumption and reining in ballooning debt, posing a severe challenge…
Column-The next big thing in retirement benefits might be the oldest: a traditional pension
By Mark Miller (Reuters) – IBM may have just kicked off the next big trend in the world of employee retirement benefits. Big Blue made headlines recently when it announced plans to…
Danish pension fund to sell its Tesla shares over union dispute
COPENHAGEN (Reuters) – PensionDanmark, one of Denmark’s largest pension funds, said on Wednesday it had decided to sell its holdings in Tesla over the U.S. auto company’s refusal to enter into agreements…
Column-Global pension funds now balking at China: Mike Dolan
By Mike Dolan LONDON (Reuters) – Even allowing for China’s messy cyclical ebb and flow and global political tensions of the day, the exit of long-term foreign capital from the world’s second-biggest…
Global public pension assets dip to $25.9 trln in 2023 -report
LONDON (Reuters) – Global public pension fund assets dropped slightly to $25.9 trillion in 2023 from $26 trillion a year earlier, as inflation dented returns from bond investments, according to a report…
Pension withdrawals by residents leaving Hong Kong in Q3 up 1.7% on year
HONG KONG (Reuters) – Residents leaving Hong Kong for good withdrew a total of HK$2.213 billion ($283.72 million) from their Mandatory Provident Fund (MPF) pension accounts in the third quarter of 2023,…
Romania’s pension reform raises fiscal risks, rating agencies warn
By Luiza Ilie BUCHAREST (Reuters) – Romania has yet to present credible measures to offset the budget impact of planned pension hikes in the 2024 election year, Standard & Poor’s said, as…
Analysis-Britain’s growth bet on pension pots a long haul task
By Huw Jones and Carolyn Cohn LONDON (Reuters) – Britain’s plans for nudging billions of pounds of pension cash into new UK companies to boost growth and increase stock market listings leave…
Pension fund AustralianSuper raises stake in Origin Energy to 16.50%
(Reuters) – Pension fund AustralianSuper has increased its stake in Origin Energy to 16.50%, the Australian power producer said in an exchange filing on Tuesday. The stake increase by AustralianSuper, Origin Energy’s…
China basic pension fund posts 0.33% investment gain in 2022
SHANGHAI (Reuters) – The basic pension fund managed by China’s social security fund gained 5.1 billion yuan, or 0.33% in 2022, down from a 4.9% gain in 2021, the National Council for…
Australian pension fund chief bullish on private equity, debt deals
By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – The next 18 months is an ideal time for unlisted asset deals, said the head of one of Australia’s largest pension funds, as…
Australian pension fund to invest $1.6 billion in data centre firm
SYDNEY (Reuters) – Australia’s largest pension fund, AustralianSuper, said on Tuesday it would buy a minority stake in a major European data centre business for A$2.5 billion ($1.6 billion), its first significant…
Regulator sues AustralianSuper over multiple pension accounts
By Roushni Nair (Reuters) – The Australian securities regulator said on Friday it initiated a lawsuit against the trustee of AustralianSuper, citing the country’s largest superannuation fund failed to have adequate policies…
Australian regulator warns pension funds over unlisted company valuations after Canva slump
By Lewis Jackson SYDNEY (Reuters) – Australian pension funds need to improve how they value private equity, the sector’s regulator said on Monday after a review into the sector’s treatment of Canva,…
Canada’s largest pension fund trims staff as it puts China deals on hold – sources
By Julie Zhu and Kane Wu HONG KONG (Reuters) – CPP Investments, Canada’s biggest pension fund, has laid off at least five investment professionals at its Hong Kong office as it steps…
Australia’s second-largest pension fund to open London office by mid-2024
By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s second-largest pension fund plans to open its first overseas office by mid-2024, its chief investment officer said on Friday, the latest retirement…
Exclusive-Canadian pension funds explore $6 billion sale of renewables firm Cubico -sources
By Isla Binnie and Andres Gonzalez NEW YORK (Reuters) – Two of Canada’s biggest pension funds are exploring options including a sale of Cubico Sustainable Investments that could value the renewable energy…
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