Tuesday, 1 May 2012

Big business still provides most employee jobs

I’ve heard it said twice in the last [...]

Source: http://touchstoneblog.org.uk/2012/04/big-business-still-provides-most-employee-jobs/

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The deeper causes of Britain?s economic stagnation

Mancur Olson is best known for his 1965 book, The Logic of Collective Action, in which he explained why small, concentrated interest groups are more likely to influence policy than large, dispersed groups. Olson’s work, together with that of other public choice … Continue reading

Source: http://www.can-i-retire.info/the-deeper-causes-of-britains-economic-stagnation/

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ERISA Pension Plans: Due Diligence for Hedge Funds and Private Equity Funds

 

Join me on May 1, 2012 for a timely and interesting program about alternative investment fund due diligence and other considerations for ERISA plan sponsors, their counsel and consultants. Click here for more information.

This CLE webinar will provide ERISA and asset management counsel with a review of effective due diligence practices by institutional investors. Best practices will be offered to mitigate government scrutiny and suits by plan participants.

Description

With the DOL's and SEC's new disclosure rules and heightened concerns about compliance and valuation, corporate pension plans that invest in alternatives must focus on properly vetting asset managers more than ever before or risk being sued for poor governance and excessive risk-taking.

The urgencies are real. The use of private funds by asset managers is crucial for 401(k) and defined benefit plan decision makers. Understanding the obligations of private funds is essential to any retirement funds with limited partnership interests.

In addition, suits and enforcement actions against asset managers make it incumbent on counsel to hedge fund and private equity fund managers to fully grasp and advise on full compliance with the duties of ERISA fiduciaries to plan participants.

Listen as our ERISA-experienced panel provides a guide to the legal and investment landmines that can destroy portfolio values and expose institutional investors and fund managers to liability risks. The panel will outline best practices for implementing effective due diligence procedures.

Outline

  • ERISA fiduciary duties for institutional investors
    1. Hedge funds and private equity funds compared to traditional investments
  • Regulatory developments
    1. Disclosure
    2. Compliance
    3. Valuation
  • Developments in private litigation involving pension plan fiduciaries and alternative fund managers
  • Best practices for developing due diligence plans

 

Benefits

The panel will review these and other key questions:

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

  • Regulatory developments
    1. Disclosure
    2. Compliance
    3. Valuation
  • Developments in private litigation involving pension plan fiduciaries and alternative fund managers
  • Best practices for developing due diligence plans
  • What are the regulatory concerns for ERISA pension plans that allocate assets to hedge funds and private equity funds?
  • What are the potential consequences for service providers that fail to comply with new fee, valuation and service provider due diligence regulations?
  • What can counsel to pension plans and asset managers learn from recent private fund suits relating to collateral, risk-taking, pricing, insider trading and much more?
  • How should ERISA plans and asset managers prepare to comply with expanded fiduciary standards?

 

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Susan Mangiero, Managing Director
FTI Consulting, New York

She has provided testimony before the ERISA Advisory Council, the OECD and the International Organization of Pension Supervisors as well as offered expert testimony and behind-the-scenes forensic analysis, calculation of damages and rebuttal report commentary for various investment governance, investment performance, fiduciary breach, prudence, risk and valuation matters.

Alexandra Poe, Partner
Reed Smith, New York

She has over 25 years of experience in investment management practice counseling managers of hedge funds, private equity funds, institutional accounts, mutual funds and broker-dealer advised programs. She counsels hedge and private equity fund advisers in all stages of their business and due diligence matters.

 

 

Source: http://feeds.lexblog.com/~r/PensionRiskMatters/~3/2LFT5AEIJh4/

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Cheap as chips!

Life Insurance?money for old rope? Good value? Source: http://www.lse.co.uk/blogs/expert/resident-ifa-blog/1yvx8o/ state pension forecast uk state pension pension lump sum pension transfer retirement age uk Source: http://www.drawdown.info/cheap-as-chips-4/ a dating site for dating sites on dating sites facebook application for facebook facebook application

Source: http://www.pensionforecast.info/cheap-as-chips-11/

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Where do you stand on taking action?

The pensions day of action on 30 November looks increasingly likely to herald large-scale industrial action, not just in the NHS but also across the whole public sector. Members of the largest unions ? the GMB, Unison and Unite ? have come out in favour of industrial action ? along with many of the smaller [...]

Source: http://blogs.bma.org.uk/pensions/2011/11/21/where-do-you-stand-on-taking-action/

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Barbados ? Things are heating up!

Barbados, probably one of the most revered holiday destinations in the UK and arguably the world. The traditional busy period in Barbados tends to last from around the end of November to the end of January and with this, British … Continue reading

Source: http://www.annuityratesuk.info/barbados-things-are-heating-up-4/

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Raising the state pension age to 70+

I have a piece on the New Statesman [...]

Source: http://touchstoneblog.org.uk/2012/04/raising-the-state-pension-age-to-70/

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