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...
View ArticlePension funds employ over 600 retired SIA and other officials
According to Japan’s Kyodo news agency, 646 retired central government officials, had landed jobs at 399 employee pension funds as of May 21, 2009 when 466 of them were serving in executive posts and...
View ArticleAIJ president launches unreality TV with Diet panel appearance
A pinstriped Kazuhiko Asakawa, president of AIJ Investment Advisors, admitted yesterday during a televised appearance before a Japanese parliamentary panel that his firm had lost 109.2 billion yen of...
View ArticleClik here to view.
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...
View Article
