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Pension and Welfare

A collection of news and information related to Pension and Welfare published by this site and its partners.

Top Pension and Welfare Articles see all

Displaying items 1-5
  • News of the Weird: A Piece of the Action

    News of the Weird: A Piece of the Action
    “Fantasy sports” are hugely popular, but when fans “draft” players for their teams, they “own” only the players' statistics. Recently, Wall Street and Silicon Valley entrepreneurs created Fantex Holdings, which will allow investors to buy actual pieces of real players — namely, rights to 20 percent of the player's lifetime earnings (including licensing and product endorsement deals). The firm told The New York Times in October that it will soon stage an “IPO” for budding NFL star Arian Foster and hopes to sign up many more athletes, plus singers and actors similarly early in their careers. (On the other hand, Fantex's lawyers drew up a 37-page list of potential investment risks, such as injuries, slumps and scandals — and the fact that the stock will trade only on Fantex's private exchange.)
  • Video of dairy cows being abused prompts probe in New Mexico

    ALBUQUERQUE N.M. (Reuters) - Authorities in New Mexico are investigating a dairy farm in the state after an animal rights group secretly recorded video apparently showing workers punching and kicking cows and stabbing them with screwdrivers. Los Angeles-...

    Danish pension funds get a head start on EU funds facing new capital rules

    COPENHAGEN - European pension funds could become more, rather than less adventurous in their investment strategies after the European Union introduces tough new rules on capital requirements, if the experience of similar rules in Denmark is any pointer....

    French welfare fraud costs 20-25 billion euros per year - report

    PARIS (Reuters) - Fraud in France's indebted welfare system costs the country between 20-25 billion euros ($26-32 billion) per year and only a tiny fraction of that amount is ever recovered, an estimate by the French national auditor showed on Wednesday....

    India's state pension fund chief urges green light to buy stocks

    NEW DELHI (Reuters) - The head of India's state social security fund says it has "no option" but to change its rules and put money into riskier investments by buying stocks for the first time to seek higher returns. K.K. Jalan, chief of the Employees'...