NCR Announces 2017 Lump-Sum Pension Offer
Company to make voluntary offer available to 7,000 eligible participants.
Newsmakers
RI Hospital Workers’ Pension Fund Placed in Receivership
Fund participants could see a 40% cut in benefits across the board.
CalPERS Champions Board Diversity Campaign Across 500+ US Companies
Requests each company develop and disclose policies, implement plans.
Kentucky League of Cities Urges CERS, KRS Split
Despite double-digit returns for KRS, coalition is one of 23 groups calling for the separation.
Shareholders to Decide Fate of Amazon, Whole Foods Deal
Despite few known details, analysts expect majority approval.
TPR to Prosecute Chappell for Failing to Give BHS Sale Info
BHS owner to face charges of neglecting or refusing to provide information.
Ohio PERS Considers Cutting COLA for Retirees
System floats idea of basing COLA on CPI, capped at 3%.
Texts and Emails to Be Added to UK Pension Cold-Calling Ban
Since April 2014, pensioners have lost an estimated £43 million to cons.
AMP Capital’s IDF III Scores Record $4.1 Billion Commitments
Sees strongest support from Japan, Korea, Canada, and Germany-based institutional investors.
TPR Anti-Avoidance Hearing Heads to Upper Tribunal for First Time
Regulator wants to force ITV to fund plan with £90 million deficit.
New Mexico’s Two Largest Public Pensions Could See Benefit Reforms
Despite double-digit returns, the systems aren’t out of the woods yet.
Kentucky Gov. Launches Pension Reform Website
In his quest for state pension reform, Gov. Bevin just made it easier to keep the public informed on retirement plan updates.
University of Wisconsin Oshkosh Foundation Files for Bankruptcy
Blames regents for ‘policy flip flop’ and ‘political gamesmanship.’
Royal London Intermediary Pension Sales Up 64%, Demands Competition
After posting a successful H1 2017, UK pension provider Royal London wants more competition—and it’s pressing the government and regulators to open the floodgates.