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The International Monetary Fund’s (IMF) Greek bailout program expires in March. In order for the country to keep getting help from the institution, it must reform its pension system. Greece offered a pension overhaul plan last week, which included benefit cuts of up to 30 percent. But Labor and Social Security Minister George Katrougalos says … Continue reading Greek Official: Further Pension Cuts Are Non-Starter in Creditor Negotiations

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Paul Taylor of Reuters reports, As pension reform crunch nears, Greek coalition looks fragile: Greek Prime Minister Alexis Tsipras’ governing majority is looking fragile as crunch time approaches for a pension reform that will test … Continue reading Greek Pension Disease Spreading?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Jake Burman of the Express reports, Now UK taxpayers forced to contribute billions towards Brussels bureaucrats’ pensions: The cost of pensions for retired EU civil servants and MEPs has seen the EU’s estimated pension responsibilities … Continue reading Retire in EU Style?

U.S. Corporate pension plans had a tumultuous third quarter as the typical plan saw a 5 percent drop in its funding ratio, according to the UBS Global Asset Management US Pension Fund Fitness Tracker. More details from a UBS release: “In the third quarter, we saw the funding ratios of pension plans decrease as both … Continue reading Rough Third Quarter for Corporate Pensions

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Svea Herbst-Bayliss and Lawrence Delevingne of Reuters report, Hedge fund Elliott eyes fresh market turbulence: Paul Singer’s $27 billion hedge fund Elliott Associates is worried about Europe’s prospects and is bracing for fresh market turbulence. … Continue reading Pension Pulse: Risk On, Risk Off?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. 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 posted on the … Continue reading China’s Pension Fund To The Rescue?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. 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 their promises … Continue reading OECD Issues Warning on Pensions

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. John Mauldin revisited the topic of U.S. public pensions in his latest comment: Live and Let Die: When you were young and your heart was an open book You used to say live and let … Continue reading Pension Pulse: Live and Let Die?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. The CBC reports, Joe Oliver to consult on ‘voluntary’ Canada Pension Plan boost: Finance Minister Joe Oliver says his government is ready to start consulting Canadians on allowing larger, “voluntary,” contributions to the Canada Pension … Continue reading Are the Tories Backtracking on Enhanced Canada Pension Plan?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Bill Curry of the Globe and Mail reports, Liberals would encourage pension funds to invest in infrastructure: Enticing large pension funds to spend big on Canadian infrastructure projects will form a key part of the … Continue reading Opening Canada’s Infrastructure Floodgates?