IBM, Comcast Sponsor Blockchain Startup Fund
Fund to also connect startups with Fortune 500 clients.
Newsmakers
UK’s USS Reaches $2.95 Billion Settlement with Petrobras
Universities pension fund reaches partial settlement of class-action suit.
Houston Issues $1 Billion in Pension Obligation Bonds
Issuance is final piece of Houston Pension Solution reform package.
Bridgewater Executive, Family Perish in Plane Crash
Family was heavily engaged in the Jewish community.
Kentucky Group Sues Funds, Alleges ‘Black Box’ Investing Led to KRS Woes
Plaintiffs allege the retirement system should have stayed with more vanilla index investments.
CalPERS Calls ESG Criticism ‘Laughable’
Report accused system’s ESG practices of ‘jeopardizing the retirement fund.’
NY, Mass. Investigate MetLife over Unpaid Pensions
MetLife says it is fully committed to rectifying the situation.
Pirelli Secures Buy-in Agreement with PIC
Move to cover the total liabilities of three UK pension plans.
Brazil’s Temer Cancels Pension Meetings Due to Surgery
While administration is still optimistic for 2017 reform, cabinet considering 2018 delay.
Kroger Withdraws from Central States Pension Fund
Supermarket chain sets up new fund in labor deal with Teamsters.
French Government Greenlights Blockchain
New rules permit crypto-tech unlisted security trading, cuts out middlemen.
CalPERS Reports 11.2% Return for Fiscal Year 2017
Portfolio gains led by public equities, which returned nearly 20%.
13 China Pensions will Be Unable to Pay One Year’s Worth of Pensions
2050 pensioner-to-worker ratio will be 1:1.3, official says.
Royal Mail, Union Make Headway in Pension Talks
Company changes position on wage-in-retirement plan.