Tag Archives: daiko

AIJ collapse brings an end to Employee Pension Funds

The implosion in March of AIJ Investment Advisors will lead to EPFs being abolished within a decade, according to Nenkin Joho, a [subscription only] fortnightly newsletter published by the actuarial consulting arm of the Nikkei newspaper. A decision by the … Continue reading

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Ministry blows smoke around AIJ, looks to defend its turf

This Wednesday an “expert panel” on the AIJ affair set up by the Ministry of Health, Labor & Welfare (MoHLW), will hear a recommendation from the MoHLW that the type of pension fund which made most use of AIJ be managed in future … Continue reading

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Pension funds don’t know what they are doing – it’s official

Parts of this article have been amended since it was first posted on 30 March Almost 90% of staff at pension plans that are run for small companies based in the same prefecture and involved in the same business sectors … Continue reading

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200 bn yen missing from pension accounts 1: How it happened

On 24 February Japan’s Financial Services Agency ordered AIJ Investment Advisors to cease operations for one month while it investigates “possible losses” of around 200 billion yen* from the accounts of 84 pension funds representing 539,650 scheme members and 344,299 … Continue reading

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Getting on top in Tokyo

More asset managers than ever before held mandates to invest Japan’s corporate and government defined-benefit pension schemes during the financial year ending 31 March 2011, when they shared stewardship of almost 83 trillion yen (US$1 trillion). Yet the business remained … Continue reading

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