NY, Mass. Investigate MetLife over Unpaid Pensions
MetLife says it is fully committed to rectifying the situation.
Newsmakers
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.
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.