World’s Largest Pension Fund Selects Three ESG Indices for $9 Billion Investments
Japan’s Government Pension Investment Fund looks to set a global example.
Newsmakers
TPR Post Mortem Dissects Philip Green
Report on deal to fund BHS pension contradicts public statements made by Green.
Jamaica Senate Debates Pension Reform Bills
Reform aimed at making pension system more affordable and sustainable.
IMF, Ukraine Discuss Implementing Pension Reforms
Nearly two-thirds of all retirees in Ukraine receive the minimum pension.
UK Workers Missing Out on £2 Billion of Pension Contributions, Study Finds
An estimated 3 million employees are forgoing an average of £650 each per year in matching contributions.
Conservatives, DUP Agree to Keep Pension Triple Lock
Despite promises by the UK’s Conservative Party to eliminate it, there will be no change.
TPR Settles Third Pension Case with Coats Group
Regulator has recovered a total of £329 million for nearly 31,000 Coats employees.
UPS Freezes Defined Benefit Pension Plan
The company is shifting its employees to a 401(k)-style plan.
Euro Commission Set to Introduce Pan-EU Pension Product in 2019
EC unveils plans for a cross-border pension system in new proposals.
NY Comptrollers, CalSTRS Retaliate Against Mylan Board
A recently filed form reveals the EpiPen company ignored majority shareowner votes again, and the response is ferocious.
Court Rejects $187 Million Pension Lawsuit Against Align Technology
Plaintiffs alleged the company misled investors regarding its 2011 Cadent acquisition.
Louisville Foundation Fires Chief Administrator Kathleen Smith
Smith’s lawyer says she’s a ‘fall girl,’ and calls the firing a ‘cowardly failure.’
UK’s FCA Proposes Changes to Pension Transfer Advice
New rules focus on moving from defined benefit to defined contribution plans.