UN pension fund
- Loraine Rickard-Martin
- • April 28, 2022
United Nations Secretary-General António Guterres has paused his plan to further outsource the management of the $86 billion UN pension fund’s assets to Wall Street. The plan to allow an additional 18 percent of the fund’s assets to investment…
- Categories: UN Pension Fund, WORLDVIEWS
- Ivana Ramirez
- • July 24, 2021
A US delegation to Haiti returns early; potential risks for the $87 billion UN pension fund; an ex-Guantánamo detainee may face torture in Russia. You are reading This Week @UN, summarizing the most pressing issues facing the organization. The information…
- Categories: Africa, Asia, Human Rights, SDGs, Secretary-General, This Week @UN, US-UN Relations
- Lowell Flanders
- • July 17, 2021
When the market for mortgage-backed securities — derivatives — exploded in 2008, the investment guru Warren Buffet called them “financial weapons of mass destruction.” The crisis was the worst American economic disaster to occur since the Great Depression. In…
- Categories: General Assembly, Secretary-General, UN Pension Fund, WORLDVIEWS
- Loraine Rickard-Martin
- • December 23, 2020
At the $79.4 billion United Nations pension fund, continuing tensions came to a head this month when the UN participant representatives to the pension board — elected representatives of 85,000 active UN staff members — wrote on Dec. 2 to…
- Categories: UN Pension Fund
- George G. Irving and Sugiyama Iutaka
- • April 28, 2020
In the middle of the coronavirus epidemic, the United Nations spokesperson announced that Sudhir Rajkumar resigned from his job as representative of the secretary-general for investment of the assets of the UN Joint Staff Pension Fund, effective March 31, 2020….
- Categories: Covid-19, UN Pension Fund
- Loraine Rickard-Martin
- • October 10, 2019
Since 2014, when staff members of the United Nations Pension Fund blew the whistle on serious mismanagement in its secretariat, a change in leadership has been made on both sides — assets and liabilities — of the $67.4 billion…
- Categories: Secretary-General, UN Pension Fund
- Loraine Rickard-Martin
- • August 27, 2018
The United Nations Pension Board’s recent meeting in Rome ended with a record number of disagreements and much acrimony. The chief cause of distress was the results of the internal governance audit requested last December by the General Assembly….
- Categories: General Assembly, Secretary-General, UN Pension Fund
- Loraine Rickard-Martin
- • November 15, 2017
An important change was made to the United Nations pension fund last month, when Secretary-General António Guterres announced he was appointing Sudhir Rajkumar of India to succeed Carol Boykin as his representative for investments of the $61.5 billion fund….
- Categories: Secretary-General, UN Pension Fund, WORLDVIEWS
- Loraine Rickard-Martin
- • March 30, 2017
The General Assembly resolution passed in December could not have been clearer: the United Nations pension fund has failed to deliver on both the investment side, led by Carol Boykin, and the secretariat side, led by Sergio Arvizú. The…
- Categories: UN Pension Fund, WORLDVIEWS
- Loraine Rickard-Martin
- • March 2, 2017
United Nations staff members and retirees, concerned for many years about low-investment performance by our $54 billion pension fund and unprecedented delays in benefit payments, welcomed the adoption last December of a General Assembly resolution that allayed worries about attempts…
- Categories: Secretary-General, UN Pension Fund, WORLDVIEWS
- Susan Manuel
- • January 2, 2017
The United Nations General Assembly sharply rebuked the United Nations Pension Fund, which it oversees, reaffirming control of the $54 billion account by the UN Secretariat and calling on the fund to improve its problematic performance and service to…
- Categories: UN Employment, UN Pension Fund
- Susan Manuel
- • September 6, 2016
Twenty months after the staff union accused management of the United Nations’ $54.5 billion pension fund of “massive fraud,” controversy over its structure and performance remains on a low boil. While the UN’s Office of Internal Oversight Services dismissed…
- Categories: UN Pension Fund
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