Critics have assailed the Pew Center on the States’ report that the total US public pension funding deficit had reached $1.38 trillion for its perceived shortcomings.
A household insurer in the United Kingdom has appointed a seasoned pensions professional to oversee its investment strategy after farming out its asset management function last year.
A global trend of transfers in pension risk have accelerated as plan sponsors offload risk to third parties, says Mercer, which is positioning itself to profit from the demand.
Australia's superannuation fund Christian Super and the California Public Employees’ Retirement System (CalPERS), the largest public pension in the United States, are archetypes of funds that have invested for the sustainable economy across asset classes while gaining a competitive advantage, according to a report released by UNPRI.
The pension and benefit obligations of states outstripped plan assets by a startling $1.38 trillion in fiscal 2010, a study by the Pew Center on the States has found.
Sean Foley, a senior vice president for investments overseeing AT&T’s pension plan, has resigned and Bill Hammond, an AT&T veteran, has taken his place.
The Kuwait Investment Authority and Malaysia’s Employees Provident Fund are slated to become cornerstone investors for the planned $2 billion listing of IHH Healthcare Bhd., the Wall Street Journal has reported.
Denmark has allowed the country’s pension funds to change the discount rate they employ to calculate their liabilities a week after Sweden implemented a similar reform.