NEWSMAKERS
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SEPTEMBER 3,
2010
Bruce Malott, the chairman of New Mexico's educational pension fund, resigned after a disclosure that he borrowed $350,000 from the father of a man who shared in as much as $22 million in finder’s fees from state investments.
ALTERNATIVES
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SEPTEMBER 2,
2010
Japan's private pensions, which oversee more than JPY60 trillion, are in search of a reliable stream of returns to meet the retirement needs of the world’s fastest-aging population.
GENERAL SURVEYS
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SEPTEMBER 2,
2010
Despite the financial crisis, the global retirement market is expected to grow over the next decade, with total pension assets increasing from €22 trillion to €36 trillion.
REGULATION/LEGAL
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SEPTEMBER 1,
2010
In response to pay scandals in the Los Angeles city of Bell, California lawmakers advanced legislation early this week to curb "pension spiking" in the state´s two largest pension systems.
DEALS
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SEPTEMBER 1,
2010
Alliance Boots has outsourced part of its pension plan by offloading about £300 million of retirement fund liabilities to Pension Corporation.