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Sanctuary: Facing the Threat of a Nuclear Iran

admin — Sat, 13 Aug 2011 19:06:09 +0000

Former US ambassadors Mark D. Wallace, head of United Against Nuclear Iran, and JD Bindenagel will discuss why they believe Iran is on the verge of developing nuclear weapons; the threat that poses to Israel, the Arab world, Europe and the United States; and what the nations of the world, and individuals, can do about it. The program also will feature State Sen. Jeff Schoenberg and Jay Tcath, executive director of the Jewish United Fund’s Jewish Community Relations Council, talking about Illinois’ pioneering legislation that bars state pension funds from investing in companies doing business with Iran’s energy sector. That law also is the first in the nation to require all foreign firms doing business with the state to disclose any ties with Iran’s energy industry. This episode of the program is hosted by Jerry Kaye. “Sanctuary” is a joint production of the Jewish Federation of Metropolitan Chicago and the Chicago Board of Rabbis, in cooperation with ABC7-Channel 7. 2/23/2009

www.ntv.co.ke The cash flow of the country’s pension investment funds is set for a massive shakeup following Treasury’s move to repeal the Law that barred workers from accessing their retirement savings. Workers who are changing jobs and early retirees will now be able to fully access their pension savings irrespective of the period they worked for a single employer. The decision to repeal the law now means pension fund managers may have to re-invent their investment models and scale back on the volume of the invested funds that currently run into the hundreds of billions of shillings.
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Australia’s Pension Fund Sector Has Leap Frogged Canada

admin — Sat, 06 Aug 2011 07:10:51 +0000

Australia’s Pension Fund Sector Has Leap Frogged Canada

Australia’s Pension Fund Sector Has Leap Frogged Canada

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Home Page > Finance > Personal Finance > Australia’s Pension Fund Sector Has Leap Frogged Canada

Australia’s Pension Fund Sector Has Leap Frogged Canada

Posted: Apr 15, 2011 |Comments: 0
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Australia’s .3 trillion pension fund sector has leap-frogged Canada to take fourth spot in the Towers Watson Global Pension Asset Study 2011. According to the study, the value of Australian pension fund assets increased to 103 per cent of gross domestic product (GDP) at the end of 2010, compared to 93 per cent in 2009. “Australia’s continuous rise is largely attributable to our strong economy, our buoyant equity markets and our ongoing contribution growth both through the Superannuation Guarantee introduced in 1992 and the “Better Super” tax changes in 2007,” Towers Watson Australia investor services director Graeme Miller said.

“It was also helped by the strengthening of the Australian dollar during this period,” he said. Globally, institutional pension fund assets have grown by 66 per cent since 2000, from .8 trillion to .7 trillion.

The United States remains the largest pension market in the world at .1 trillion, while Japan came in second at .5 trillion. In third place is the United Kingdom with .26 trillion in assets.

A breakdown of asset allocations showed that Australian super funds, with 49 per cent, have a higher allocation to equities than most countries.

Australia also has the second highest allocation to alternative assets, at 25 per cent of total assets, of the 13 largest pension markets in the world. Only Switzerland has a higher allocation in alternative assets with 29 per cent.

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“While Australian funds’ asset allocation in equities remains high, we continue to see funds reducing their equity allocations in favour of alternative assets such as infrastructure and property,” Miller said.

“We predict this trend to continue as strong contribution flows pour into Australian funds.”

Pension fund balance sheets continued to strengthen during 2010. Pension assets now amount to 76 per cent of global GDP, up from 61 per cent in 2008.

“The global financial crisis is still with us and the ongoing aftershocks are a continual reminder that the nascent economic recovery is still very tenuous,” Towers Watson global head of investment Carl Hess said.

“While nervousness about the volatility of global markets and extreme events is just below the surface, there is broad acceptance that this is the new normal and that investors will need investment strategies that are more flexible and adaptable than they have been in the past,” Hess said.

“While the recovery of the markets is to be welcomed, it should not distract from the major issues confronting the industry and the weaknesses in the system which governments and companies must face up to,” he said.

For further information about Australian superannuation or for self managed super funds please speak with our self managed super specialists at Self Managed Super Funds Home

DISCLAIMER: The information contained in this document is based on information believed to be accurate and reliable at the time of publication. Any illustrations of past performance do not imply similar performance in the future. To the extent permissible by law, neither we nor any of our related entities, employees, or directors gives any representation or warranty as to the reliability, accuracy or completeness of the information, or accepts any responsibility for any person acting, or refraining from acting, on the basis of information contained in this communication. This information is of a general nature only. It is not intended as personal advice or as investment recommendation, and does not take into account the particular investment objectives, financial situation and needs of a particular investor. Before making an investment decision you should read the product disclosure statement of any financial product referred to in this newsletter and speak with your financial planner to assess whether the advice is appropriate to your particular investment objectives. financial situation and needs.

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Source: http://www.articlesbase.com/personal-finance-articles/australias-pension-fund-sector-has-leap-frogged-canada-4607053.html

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Why is the California teachers union pension fund $56 billion dollars in the red?

admin — Sun, 31 Jul 2011 16:06:42 +0000

Question by Zaza: Why is the California teachers union pension fund billion dollars in the red?
Gay Newell, I know you love your union. Would you care to explain this for us?

http://calcoastnews.com/2011/04/california-teachers%E2%80%99-pension-fund-56-billion-in-the-red/

Is the LA times?

http://articles.latimes.com/2010/jan/29/business/la-fi-calstrs29-2010jan29

Best answer:

Answer by GayNewell
Simple. That is not an actual news site. It is an anti union right wing blog. Next question.

Your fifth grade teacher apparently never taught you the difference between fact and opinion.

Read your own article: The Teacher’s Pension is 71% funded. American Social Security is 0% funded and has no savings at all.

Go worry about social security.

What do you think? Answer below!

www.FutureMoneyTrends.com Narration and Sources The United States national debt is either hovering around the .294 Trillion official debt limit or may have already breached it as some news agencies stated back in May that “US Treasury Secretary Timothy Geithner told Congress he would start tapping into federal pension funds.” Now it is reported that 6 Billion of retirement funds have been used with only Billion left that are available for borrowing and will last only until August 1st. Timothy Geithner gives some sobering statements on what would happen if there is no debt limit deal. www.reuters.com thecaucus.blogs.nytimes.com in.reuters.com www.zerohedge.com All this is happening while President Obama and Congress are still talking about a compromise to raise the debt ceiling by a deadline of August 2 www.youtube.com Proposals include cutting social security by changing how cost of living increases are calculated by using chained consumer price index. Bloomberg says “Advocates say the change is needed because the government’s current measure of inflation overstates how quickly prices rise.” The AARP vehemently and justifiably opposes any cuts to Social Security in a deal to cut the nation’s bills. www.bloomberg.com www.zerohedge.com www.aarp.org QE 2 officially ended on June 30th as scheduled. A June 22nd Press Conference with Ben Bernanke gave little substance; Interest rates will be kept the same and there was no announcement for future QE or that there would …
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Caisse, partners bid to buy French engineering firm

admin — Wed, 01 Jun 2011 16:06:26 +0000

Caisse, partners bid to buy French engineering firm
Quebec pension fund manager, two other companies offer -billion for Spie engineering group
Read more on The Globe and Mail

New pension rules ‘risk a mis-selling scandal’
Millions of workers will be put at risk of being sold the wrong pension and losing half their retirement income under government plans, a leading investment manager has warned.
Read more on AFP Telegraph Finance News via Yahoo! UK & Ireland Finance

Caisse, partners bid to buy French engineering firm is a post from: 1 Retirement Plan

Lastest Pension Fund News

admin — Tue, 17 May 2011 16:06:56 +0000

Fund to replace six money managers
The NMI Retirement Fund will end its relationship with six of its money managers, retaining just three of its nine existing asset handlers.
Read more on Saipan Tribune

Lastest Pension Fund News is a post from: 1 Retirement Plan

UBL Funds Retirement Planning Guide 0001

admin — Mon, 25 Apr 2011 19:08:33 +0000

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Overview of the Local Government Pension Scheme.
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UBL Funds Retirement Planning Guide 0001 is a post from: 1 Retirement Plan

San Francisco Pension Reform Proposal Takes Shape

admin — Sat, 09 Apr 2011 13:07:17 +0000

San Francisco Pension Reform Proposal Takes Shape
San Francisco Mayor Ed Lee said city workers will be the hardest hit if his pension reform plan is approved.
Read more on CBS San Francisco

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CIG Pannónia to cooperate with pension fund

admin — Sun, 03 Apr 2011 22:14:34 +0000

CIG Pannónia to cooperate with pension fund
The pension fund will continue to remain in members’ ownership, but two companies will be established to handle asset management and fund services, respectively, and CIG will by stakes in these companies, said the fund’s CEO Csaba Gaál.
Read more on Budapest Business Journal

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Argentina voted to nationalize B in private pensions. Also, RiverSource adds to structured assets team.

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The End of Finance: Capital Market Inflation, Financial Derivatives and Pension Fund Capitalism (Routledge Frontiers of Political Economy)

admin — Thu, 31 Mar 2011 19:10:34 +0000

The End of Finance: Capital Market Inflation, Financial Derivatives and Pension Fund Capitalism (Routledge Frontiers of Political Economy)

This volume examines whether the present “era of finance” represents the best possible way of organizing economic affairs, arguing the ensuing economic instability and inefficiency create the preconditions for the end of the dominance of finance.

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Calif. pension fund says reforms would cost more

admin — Sat, 12 Mar 2011 10:07:11 +0000

Calif. pension fund says reforms would cost more
SACRAMENTO, Calif. (AP) — California’s second-largest public pension fund is firing back at a report by a state auditing agency that called for sweeping reforms, saying some of the proposals would invite lawsuits or drive costs even higher. The California State Teachers’ Retirement System laid out its criticisms in a letter sent Wednesday to the chairman of the Little Hoover Commission. The …
Read more on CBS 47 Fresno

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Calif. pension fund says reforms would cost more
Associated Press – March 9, 2011 9:14 PM ET SACRAMENTO, Calif. (AP) – California’s second-largest public pension fund is firing back at a report by a state auditing agency that called for…
Read more on Channel 8 San Diego

Calif. pension fund says reforms would cost more is a post from: 1 Retirement Plan