| Renninger pension hearings will be closed
EASTON | The public will be barred from hearing the pension request of former city police officer Matthew Renninger, when hearings begin next month. Police pension commission members met Wednesday and tentatively set hearing dates for 8 p.m. May 8 and 7 p.m. May 15 and 17. A majority of commissioners were not in attendance, so hearing dates have yet to be confirmed. Renninger's attorney, Gary Asteak, has requested any hearings be closed to the public because the commission will hear testimony regarding private medical issues, according to commission Solicitor Ralph Bellafatto. Renninger accidentally shot and killed fellow officer Jesse Sollman inside police headquarters in March 2005. A state grand jury declined to recommend criminal charges, following a nearly year-long investigation.
City's pension funds to be managed by new firm
A NEW pension management firm will be set up to run Shanghai's more than 10 billion yuan (US$1.3 billion) of corporate annuities following last year's scandal over the misuse of the city's corporate pension scheme. Changjiang Pension Fund Co, based in Shanghai, will be set up within one year with a registered capital of 500 million yuan, the China Insurance Regulatory Commission said yesterday in a Website statement. Eleven founding members, mostly major state-owned enterprises in the city, will be the shareholders and they include Shanghai International Group, the city government's investment arm, Shanghai Baosteel Group, China's top steel maker, Shenergy Group and Shanghai Airport Group, the statement said. Ma Li, vice president of Shanghai Pudong Development Bank, will be the chairwoman and general manager of the new company, the statement said.
Burger King a sign of Havana growth
Goldco Inc., a franchiser based in Dothan, Ala., with more than 50 Burger King restaurants in Alabama, Georgia and Florida and the first national fast food franchise company to look seriously at Havana, decided to build a Burger King here. Its economic impact on the community will be powerful. .
Sun Life, CI launch guaranteed retirement income product
Sun Life Financial and CI Investments Inc. today announced the launch of SunWise Elite Plus, an new product that provides investors with guaranteed income during retirement.
SunWise Elite Plus offers a guaranteed minimum withdrawal benefit (GMWB), providing investors with guaranteed, sustainable income during retirement, along with the potential for the guaranteed income to grow. SunWise Elite Plus policies are issued by Sun Life Assurance Co. of Canada and managed by CI Investments.
SunWise Elite Plus provides a powerful combination of benefits that few other investments can match, said Peter Anderson, CEO, CI Investments. It allows investors and their advisors to meet the unique challenges of retirement planning and tailor an investment plan that will meet their needs and provide peace of mind.
T. Rowe Price Names Fidelity Executive and Defined Contribution ...
BALTIMORE, April 17 /PRNewswire-FirstCall/ -- T. Rowe Price Group has named Cynthia L. Egan as president of T. Rowe Price Retirement Plan Services, its subsidiary that offers comprehensive defined contribution plan services to companies nationwide. In her new role she will lead the organization's efforts to provide investment management, recordkeeping, client servicing, participant education, and compliance services to more than 2,900 plans with more than 1.5 million participants. Ms. Egan begins her duties May 14, 2007. Prior to joining T. Rowe Price, Ms. Egan served as executive vice president of .
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