Royal Mail, Union Make Headway in Pension Talks
Company changes position on wage-in-retirement plan.
Newsmakers
MOSERS Lump-sum Buyout Could Save $90 Million
22% of former state workers take lump-sum payout, fund expects more than $2 million in first-year savings.
Ray Dalio Speaks on Tax Migration Dilemma
Bridgewater’s observations on state finances and their respective muni bond markets to be revealed shortly.
MillerCoors Purchases Group Annuity Contract
Company to transfer $900 million in pension obligations to Athene Annuity and Life.
EnCap Investments Closes Fund XI at $7 Billion
Fund XI focused on upstream sector of the North American oil and gas industry.
PSERS Signs Due Diligence Mandate with IMDDA
Organization to add mergers and acquisitions class next year.
FirstGroup First Private Firm to Consolidate Pensions under LGPS
Move will bring three funds under control of one administrating authority.
New Jersey’s Public Pension Hits Highest Value Since 2015
Gov.-elect Murphy hopes to meet or beat Gov. Christie’s state contribution plans.
Financial Advisors Found Using False Credentials
Report says firms listed on comparison service sites falsely claim to have advisers with CFP status.
Vanguard Sees Market Correction Odds at 70%
Bull market could end in H1 2018, Morgan Stanley strategists say.
TOBAM Launches First European Bitcoin Mutual Fund
Fund to integrate potential fork management while mitigating loss and theft.
CPPIB is ‘Watching’ Bitcoin, Blockchain Tech
Developer Axoni announces successful blockchain-based equity swap pilot with big banks.
New Rhode Island Treasury Program to Return $10 Million to Residents
Payments to be automatically processed during 2017 holiday season.