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.
More people are working well past the age they are officially allowed to retire – do we all have a greater work ethic these days or is it a sign of impending pension doom?
The CEO and chairman of China Investment Corporation has said that risks of a Eurozone break-up are so acute that the giant sovereign wealth fund has begun unwinding its holdings of European fixed income and equity.
Buffeted by lower interest rates and a volatile stock market, a report released by BNY Mellon has found that the funded status of US corporate pension plans is at its lowest level since 2007.
Decisive votes in San Diego and San Jose to lessen the burden of public sector pensions may prove a bellwether for public plans across the United States.
