UK State Pensions to Rise as Inflation Increases to 3%
CPI reaches highest level since 2012.
Newsmakers
Kentucky Governor Reveals “Keeping the Promise” Plan to Aid Pension System
Teachers, hazard workers to keep current benefits until 27 years of service is reached.
UK Insurers Call for Pension Dashboard Legislation
Britons change jobs 11 times in a career, which can create pension confusion.
Aviva, Legal & General to Cover One-Third of Pearson Pension Risk
Deal is largest of its kind for Aviva.
Florida SBA’s Ash Williams to Receive CIO’s Lifetime Achievement Award
Williams to be honored during CIO’s Innovation Awards Dec. 7.
Capita Staff Plans Nine-day Strike over Pension Changes
Company “surprised and disappointed” with union’s rejection.
University of Arkansas Endowment Surges 15.4%
Strong returns help boost the university’s endowment over $1 billion.
Massachusetts Bill Calls for Fossil Fuel Divestment
State pension would have to remove thermal coal assets by year-end, fossil fuels by end of 2020.
IMF Raises Global Growth Forecast
US growth expected to be sluggish over the long term.
BlackRock Testing Private Aladdin-based Blockchain with Custodians
Aladdin-powered technology and risk management revenue increase 15% year-over-year, Q3 results report.
Colorado PERA to Discuss State Pension Reforms Monday
If adopted, PERA could become 100% funded within 30 years.
Kentucky Retirees Grow as Special Pension Session Is Pushed Back
Special legislative session may begin in early November.
Hong Kong’s MPF Pension on Track for Best Performance Since 2009
Although the titanic pension fund is poised for 15% returns, geopolitical climate could create problems in Q4.