Canadian pension fund sweetens offer for Macquarie Communications of Australia

September 24th, 2009 Canwest to sell stake in Australian broadcasterWINNIPEG, Manitoba — Canadian media giant Canwest Global Communications Corp. is selling its majority stake in Australian broadcaster Ten Network Holdings Ltd.

September 11th, 2009 KOLKATA - India's pension regulator has called for attractive incentives for collection agents in a bid to popularise the new social security scheme as they are the main point of contact between the subscriber and the pension fund. "Incentives are needed as there is no provision for commission under the recently launched NPS (New Pension Scheme)," said Praveen Kumar, executive director of Pension Fund Regulatory and Development Authority executive director here Friday.

July 31st, 2009 NY pension fund begins reboundALBANY, N.Y. — New York's public pension fund reports regaining some of the value it lost in last year's Wall Street meltdown and national recession, growing to $116.5 billion in the quarter that ended in June.

July 2nd, 2009 CHENNAI - Expressing satisfaction over pension sector reforms, the government in its Economic Survey 2008-09 has said the new pension system (NPS) will be offered to more segments. "Efforts are underway to extend the NPS to new segments (autonomous bodies, state governments and unorganised sector) and introducing micro-pension initiatives," said the survey tabled in parliament Thursday.

June 29th, 2009 Macquarie Communications says takeover approvedSYDNEY — Australia's Macquarie Communications Infrastructure Group stockholders on Tuesday voted in favor of the Canada Pension Plan Investment Board's 2.2 billion Australian dollars ($1.8 billion) takeover bid. The vote came a day after MCG, which owns and operates broadcast infrastructure in Australia and Britain including radio and television transmission towers, announced that the Canadian investor's bid had the necessary regulatory approvals.

May 29th, 2009 NY pension fund takes more than 26 percent hitALBANY, N.Y. — New York state Comptroller Thomas DiNapoli says the state's massive public pension fund lost more than 26 percent on its investments during a fiscal year marked by Wall Street's meltdown and the recession.

May 14th, 2009 Carlyle Group to pay $20M in NY pension probeNEW YORK — The Carlyle Group, one of the nation's largest private equity funds, has agreed to pay $20 million and make other reforms to resolve its role in an influence-peddling scandal at New York's public pension fund. The settlement will bring an end to the possibility that the company, its executives or employees would face charges in the case, New York Attorney General Andrew Cuomo said.

May 12th, 2009 Businessman pleads guilty in NY pension probeNEW YORK — A California businessman has pleaded guilty to securities fraud in connection with an investigation of alleged corruption at New York's public pension fund. The attorney general's office said Tuesday Julio (HOO'-lee-oh) Ramirez entered into a corrupt agreement with a top political aide to former New York Comptroller Alan Hevesi (HE'-vuh-see) to ensure that his company's clients got a slice of pension fund investments.

May 8th, 2009 Political agents get subpoenas in NY pension probeNEW YORK — Investigators probing influence peddling at the state pension fund have subpoenaed a number of politically connected New Yorkers who picked up big paychecks lobbying former officials at the retirement fund. State officials on Wednesday released a list of dozens of agents who acted as middlemen between investment firms and pension fund officials during the tenure of former comptroller Alan Hevesi.

May 5th, 2009 Detroit official bills Dubai trip to pension planDETROIT — Records show a Detroit official charged the city's police and firefighters pension plan more than $20,000 for a trip to the Persian Gulf emirate of Dubai. The Detroit Free Press says city councilwoman Barbara-Rose Collins booked a nearly $10,000 business-class plane ticket to attend a pension conference in Dubai last fall.

May 2nd, 2009 NEW DELHI - The Election Commission Saturday asked the Pension Fund Regulatory and Development Authority (PFRDA) to explain why its advertisement of the New Pension Scheme' had been different from the version for which the poll panel had given permission. The poll panel asked the pension authority to explain the deviation and non-compliance with the panel's order for the advertisement which appeared in the Hindu newspaper.

May 2nd, 2009 NEW DELHI - The Communist Party of India-Marxist (CPI-M) Friday sought the chief election commissioner's (CEC) intervention on a newspaper advertisement by the government-run Pension Fund Regulatory and Development Authority. The party was reacting to the advertisement published the same day announcing a new pension system for all eligible citizens in the age group of 18-55.

May 1st, 2009 CHENNAI - Life insurers are depending on their strong distribution network to stave off the competition challenge posed by the cheaper National Pension Scheme (NPS) that was launched Friday. Even though the fund managers for NPS will charge only 1 paise per Rs.100 (0.0009 percent) as service charge, comparing to 2.5 percent on the fund value charged by life insurers, the latter do not expect drastic reduction in sales, industry officials said.

April 24th, 2009 McGreevey, ex-wife to share his $135K pension fundELIZABETH, N.J. — Gay former New Jersey Gov.

April 22nd, 2009 NY comptroller bans agents in pension investmentsNEW YORK — Amid a growing corruption scandal, New York's comptroller on Wednesday barred investment firms soliciting business from the state pension fund from employing lobbyists known as placement agents. The move comes about a month after state and federal investigators accused two top aides to former comptroller Alan Hevesi of using their positions to pressure investment firms into paying millions of dollars to politically connected placement agents.