UN Pension Fund: Firing of whistleblowers. Virtual town hall, 3 April 2024. Submit your questions by 27 March 2024 (5 March 2024)
UN Pension Blog
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3w ago
UN Pension Fund members:  Please take action by submitting your questions about the firing of whistleblowers in the Office of Investment Management in advance of the Pension Fund's virtual town hall scheduled for April 3, 2024 (10 to 11 am New York time) (link below). See also the link for submitting questions. Submit questions to the Representative of the Secretary-General (RSG) as follows:  Remind him that retaliation against whistleblowers contravenes the UN’s whistleblower protection policy. Ask him how, while the Secretary-General, as requested by CCISUA reconsiders th ..read more
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IPS Inter Press: UN Whistle Blowers Fired for Challenging Risky Investment Policies of the Pension Fund, March 5, 2024
UN Pension Blog
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3w ago
  IPS Inter Press Service News Agency "UN Whistle Blowers Fired for Challenging Risky Investment Policies of the Pension Fund by Thalif Deen UNITED NATIONS, Mar 5 2024 (IPS) - The UN Ethics Office, established in 2006, has promoted an organizational culture in the world body, including integrity, professionalism, respect for diversity and protection for whistle-blowers. But the UN Pension Fund, whose assets amount to a staggering $88.3 billion, is accused of firing four of its staffers, including senior investment officers, for challenging the wisdom of the Fund’s investment polici ..read more
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BOYCOTT FAFICS: Call to action to boycott FAFICS (the Federation of Associations of Former International Civil Servants), 24 February 2024
UN Pension Blog
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1M ago
I believe it’s  timely, with the recent announcement by AFICS/NY of its upcoming annual meeting, to renew the call for a boycott of FAFICS -- the Federation of Associations of Former International Civil Servants with 60 associations world-wide, the purported representative of UN retirees including on important matters such as pension.  See CISUA’s letter to the Secretary-General dated 21 February 2024 posted, below about the firing of four whistleblowers in the UN Pension Fund's Office of Investment Management, amid indications that more may be terminated, (quote): “We are ..read more
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UN Pension Fund: CCISUA letter to the Secretary-General on firing of whistleblowers in the Office of Investment Management, 22 February 2024
UN Pension Blog
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1M ago
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UN Pension Fund: CCISUA letter to the Secretary-General on firing of whistleblowers in the Office of Investment Management, 22 February 2024
UN Pension Blog
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1M ago
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UN General Assembly requests information on the UNJSPF’s performance in comparison with peers. Plus read the latest on the Fund’s performance by its Former Chief Risk Officer, 10 January 2024
UN Pension Blog
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2M ago
“In the CEM universe it [the Fund] looks great, but in TUCS it's closer to the bottom 5%... TUCS [measures]  performance ranking and CEM [measures] cost ranking… If you don't survive short term, long term does not matter. “  In response to an annual report almost devoid of information on investment performance coupled with consistently rosy reports on the topic emanating from the Office of Investment Management,  I sent two open letters to the Representative of the Secretary-General for Investments, Pedro Gauzo, on 15 October 2023 http://unpension.blogspot.com/20 ..read more
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Second open letter to the Representative of the Secretary-General, UNJSPF: Questions on the UN Pension Fund's investment performance, transparency and sustainability, 8 November 2023
UN Pension Blog
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5M ago
Dear Mr. Guazo,    I wrote to you on 16 October 2023 posing several questions about reported underperformance of the UN Pension Fund’s investments; the lack of investment reporting in the 2022 annual report; the low quality of investment reporting on the Fund’s website; the cause(s) of a high increase in the Fund’s funding ratio; and reported OIOS investigations of 15 Fund staff.  http://unpension.blogspot.com/2023/10/open-letter-to-pedro-guazo.html There has been no response from you. However, there have been developments as follows: your office, OIM (Office of Investment Mana ..read more
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Open letter to Pedro Guazo, Representative of the Secretary-General, UN Pension Fund: Questions on the Fund's investment performance, transparency and sustainability, 16 October 2023
UN Pension Blog
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5M ago
 Dear Mr. Guazo,    A recent analysis of the Fund’s performance and transparency in reporting compared with its peers, using publicly available information, has raised several issues of concern to Fund members.  There are also questions of concern regarding reported investigations and related morale and stability among Fund staff.   The  main finding regarding the Fund’s  performance in comparison to peers,  according to TUCS (Trust Universe Comparison Service), is that “the fund is solidly in the bottom 25% compared to its peers and for 2 ..read more
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The UN: Cracking down on whistleblowers again?
UN Pension Blog
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1y ago
  Last June,  the BBC aired a documentary on the plight of whistleblowers in the UN, titled “The Whistleblowers: Inside the UN”,  in which several former UN staff gave harrowing accounts of mistreatment after reporting on wrongdoing in the organization. https://www.bbcselect.com/watch/the-whistleblowers-inside-the-un/   Now the UN Administration appears to be at it again. Several senior staff of the UN Pension Fund’s Office of Investment Management (OIM) as well as a number of UN auditors were reportedly ordered in May to hand over their laptops and cell ..read more
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UN Pension Fund: CCISUA withdraws from the Pension Board session under threat of discipline by immediate expulsion, 18 August 2022
UN Pension Blog
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1y ago
On 23 July 2022, I wrote in an article titled “Increasing authoritarianism threatens the Fund's sustainability” http://unpension.blogspot.com/2022/07/un-pension-fund-increasing.html that the success of CCISUA’s (Coordinating Committee for International Staff Unions and Associations) efforts in pushing back against unnecessary outsourcing and externalization of the Fund’s investments had “triggered the ire of members of the Pension Board who launched a barefaced and characteristic attempt to silence and intimidate them”.  Now CCISUA has issued a statement on its website, full text be ..read more
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