NYS Common to Double Low-Emissions Index Exposure
DiNapoli to announce plan at Investors Summit on Climate Risk in NY
Newsmakers
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.
San Francisco Approves Scaled-Back Divestment Plan
The plan also calls for the hiring of a director of socially responsible investing.
Federal Judges Dismiss Rhode Island Pension Lawsuit
Previous state pension plan changes noted in ruling.
Colorado Pension Sues Nine Banks over Lending Rates
Pension alleges the banks rigged their lending rates to boost profits.
Top UK University Union Members to Strike over Pension Changes
Average professor could lose over $200k in benefits under new plan.
William “Bill” Bain, Founder of Bain & Co., Dies at 80
Mitt Romney: “It’s hard for me to imagine my life and career without Bill Bain’s mentoring.”
Alcoa to Freeze US, Canada Pensions by 2021
Aluminum producer will transition employees to defined contribution plans.