UK Authority Finds Pensions’ Tech Upgrades Are Floundering
Pensions Administration Standards Association blames poor quality data for derailing automation in pension plans.
Asset Management Culture
New York Appoints Its First-Ever ESG Director
Andrew Siwo will help advance the massive portfolio’s green agenda.
NYC and London Mayors Urge Global Cities to Divest from Fossil Fuels
Mayors Bill DeBlasio and Sadiq Khan implore that ‘time is running out’ on climate change; provide a toolkit for divestment.
Arizona State Pension Is Headed for ‘Complete Desperation,’ Research Group Warns
Pension’s unfunded liabilities making it difficult to hire, retain teachers.
Corporate DB Funding Level Nudged Upward in 2019
Large company plans gain a point, to 87%, Willis Towers Watson says.
Meketa Shares Its Biggest Concerns for 2020
Slowing global economic growth, China’s economic rebalancing, and European uncertainty top the consultancy’s list.
Congress Reaches Deal for Miner Pension Rescue Bill
Miners union calls funding package passage ‘tremendous victory.’
Illinois Finalizes Move to Consolidate 650 Pensions
Gov. J.B. Pritzker signs legislation to merge hundreds of pensions to improve operational efficiencies and funding ratios
US Supreme Court Declines to Review Cranston Pension Case
Rhode Island city had been sued for suspending police, firefighter COLAs.
Market-Lagging Druckenmiller: I Was Wrong About Stocks
Famed investor had backed out of most equities so he missed 2019’s huge rally.
Finnish Pension Launches Sustainable ETF with $556 Million
Fund will exclude tobacco, fossil fuel, and weapons investments.
Investments in Fintech Hit Record High in Q3
Investments in firms are led by Asia, with China and India head to head for top spot in region.
Corporations Are Agreeing More to CalPERS Diversity Demands
More than 50% of the companies engaged by the largest US pension plan are agreeing to add women and minorities to their board.
Pennsylvania Inches Closer to Forming a New $83 Billion State Investment Office
State lawmakers aim to narrow a pension funding gap by merging investment activities.
2 More Aussie Pensions Eye Merger, Forming Down Under’s Largest Fund
Sunsuper and Qsuper hold consolidation talks on creating an A$183 billion portfolio.