PGIM CEO Eyes Public Pensions as Next Financial Crisis
Hunt points to funding difficulties due to lawmakers setting obligations.
Newsmakers
Kentucky Business Leaders Urge for Reform to Nix Public DB Plans
General Assembly, pension advocacy group, Democratic Party publicly respond via social media, local radio.
WPP De-Risks £140 Million in DB Liabilities
The pension insurance buy-ins cover communication giant’s five pension plans.
Norges Bank Open to More Japanese Real Estate Deals
Largest SWF ready for multiple 100 billion-yen agreements each year.
TPR Doles Out £130,000 in Fines to Two Pension Violators
Bus operator is first company to be sentenced for shirking auto-enrollment duties.
House-Senate Committee Tasked with Solving Pension Crisis by Year-End
Committee will be comprised of six senators and six House members.
Consortium to Launch $1B Program to Seed 6 PE Firms
Consultant says announcement from The Alaska Permanent Fund, UK Railways Pension Scheme, and The Wafra Group expected within next several days.
KWAP Becomes First Malaysian Signatory for UN-Backed PRI
Fund is currently organizing environment-themed conference for July.
BT Group to Axe Future DB Accrual for 10,000 Managers
Company reviewing feedback, still in talks with CWU for non-managerial DB members.
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.