Jun 4, 2015

Pension hack data was transmitted for days

The Japan Pension Service, which is reeling from the theft of a massive amount of personal data, has discovered two of its personal computers continued to transmit data outside the organization for three days after it contacted police about a possible security breach, sources ...

Apr 24, 2015

GPIF to add second executive managing director

A law was enacted Friday to increase the number of executive managing directors at Japan’s Government Pension Investment Fund from one to two, to strengthen the organization of the giant public pension fund. One of the two will be current GPIF executive managing director ...

Aug 15, 2014

GPIF law change may be shelved, Kihara says

A law to transform how the world’s biggest pension fund is run can wait and may even be shelved, said a ruling party official, contradicting his deputy policy chief who called it the top priority. Prime Minister Shinzo Abe’s team can achieve adjustments at ...

Aug 12, 2014

GPIF considers quota for roads, real estate, private equity

The Government Pension Investment Fund plans to create a new portfolio category for investments in assets such as infrastructure, real estate and private equity, sources said. The category for so-called alternative investments in unconventional assets is expected to be finalized this autumn, when the ...

Deutsche execs knew of unchecked wining, dining: FSA

Jun 17, 2014

Deutsche execs knew of unchecked wining, dining: FSA


A pattern of spending on hostess bars and overseas junkets for local pension fund officials went unchecked by senior managers at Deutsche Bank’s Japanese securities arm, who failed to prevent or turned a blind eye to expenses that could be prosecuted as bribery, previously ...

Jul 17, 2013

High-risk improper investments suspected at 32 pension funds

Numerous pension funds may have been making improper investments using surplus administrative money, according to welfare minister Norihisa Tamura. A total of 32 pension funds are suspected of having been investing surpluses from administrative money in high-risk financial products, including foreign investment trusts, Tamura ...