Supreme Court Declines to Hear Delphi Pension Termination Case
The lack of action by the high court ends more than 12 years of litigation after the General Motors unit’s pension plan was terminated.
News
Inflation’s Progeny: Another Rotten Day on Wall Street
Stock and bond prices slump, with the 10-year Treasury yield rising to 1.85%.
Forget US Stocks and Head Overseas, BCA Says
American equities are too costly, and there are better, cheaper prospects elsewhere, per the research outfit.
Despite Record Returns, Kentucky’s Pensions Remain Severely Underfunded
Even after investment gains of 25%, funding levels for the state’s public pensions range from only 16.8% to 60.4%.
Jeremy Siegel: What to Buy to Be Insulated From Inflation
Hint: Not TIPS, which the Wharton prof terms ineffectual.
Pacific Life Fined for Unlicensed Pension Risk Transfers in New York
The insurance firm will pay a $3 million fine for unauthorized PRT business conducted in the state.
UK Pension Ownership of British Firms Plummets
The proportion of public shares held by UK pensions has fallen to 4% from one-third since 1990.
Inflation Soars, but Market Shrugs
Time was that high price gains slammed stocks. Why not now? The ‘transitory’ narrative lives.
CalPERS Considering Selling Up to $6 Billion in Private Equity Stakes
The report comes after the fund said it would increase its allocation to the asset class.
What Will Be the Best Future Tech Plays? Not the Big Five
UBS’s Haefele says tomorrow belongs to up-and-coming AI, big data, and cybersecurity outfits.
NC Treasurer Supports Proposed 2% Pension Supplement
Dale Folwell says the boost for retirees would be paid for by investment gains, not taxes.
Wellcome Trust Saw 34.5% Returns for Fiscal Year 2020-2021. Here Was Its Strategy.
This is the British health care charity’s best-performing year in two decades.
Blackstone Invests $3 Billion in CDPQ-Owned Invenergy Renewables
The Quebecois pension fund will remain a majority owner, and Invenergy management will run the firm.
Don’t Worry: The Economy Will Boom Up Ahead, Says Dimon
Despite widespread unease, the JPM chief has faith in strong household finances and the Fed.
DB Plans Far More Cost-Efficient Than DC Plans, Research Finds
Switching from pensions to 401(k) plans only saves money if benefits are cut substantially, a new report says.