BT Group to Axe Future DB Accrual for 10,000 Managers
Company reviewing feedback, still in talks with CWU for non-managerial DB members.
Newsmakers
Carillion Ignored Advice to Boost Pension
Consultants said the collapsed company could have afforded ‘materially higher’ pension contributions.
World’s Asset Owners Discuss ESG Investment Plans at United Nations (Part 1)
Hiro Mizuno of GPIF is calling for RFPs to create a new global environmental index.
Lockheed Martin to Contribute $5 Billion to Pension in 2018
Move means the company will have no required contributions until 2021.
NYS Common to Double Low-Emissions Index Exposure
DiNapoli to announce plan at Investors Summit on Climate Risk in NY
Union to Strike over Pensions at 61 UK Universities
UCU plans four weeks of strikes after pension dispute talks end without a deal.
UK Defined Contribution Funds Rose 21% in 2017
Total assets of all plans grew to £48 billion.
SEC Stunts MetLife Q4 Earnings Report Due to Missing Pension Fallout
Insurer links pension predicament to ‘material weakness in internal control and financial reporting.’
Royal Mail, Union Reach Pension Deal
Tentative agreement ends months-long dispute between the postal service and its main union.
UK Pension Scammers Ordered to Repay £13.7 Million
Friendly Pensions conned 245 victims over a two-year period.
Soros Rips Facebook, Google at Davos
Warns of Orwellian levels of control if more stringent monopoly policies are not applied.
San Francisco Creates Reduced-Carbon Portfolio
Fund will be weighted towards companies that are more environmentally friendly in their carbon usage.
PLSA Adds Sustainability Section to Pension Governance, Voting Guidelines
Updated guidelines recommend pension funds not support board re-election without climate change risk assessment, response to business effects.