Conservatives, DUP Agree to Keep Pension Triple Lock
Despite promises by the UK’s Conservative Party to eliminate it, there will be no change.
Newsmakers
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.
Santa Monica Agrees to Fund CalPERS $45 Million
City council significantly boosts annual payment from $1.3 million to pay down unfunded liability.
IMN: Disruptive Technology Creates Challenges, Opportunities for RE Investors
Real estate experts agree: The only thing that’s certain is change.
Report: Pensions Use Accounting Tricks to Keep Up Appearances
NC State report finds “unscrupulous accounting” practices widespread among state pension plans.
New Chamber of Commerce Index Shows Healthy Commercial Construction Sector
96% of executives surveyed in the sector expect steady or growing revenue in 2017.
Philippines Social Security Net Revenues Plunge
Sharp drop due to 43% rise in Q1 disbursements, and additional benefit for retirees.
MSCI Set to Include Chinese Big Caps, But Growth May Be Elsewhere
The 222 large-cap stocks being included in emerging market ETF are largely part of the old Chinese economy.
Mylan Board Re-Elected, Beats “Vote No” Campaign
Although shareholders voted against Management Proposal 5, the directors remain.