Oregon Supreme Court Upholds Pension Benefit Cuts
Unanimous ruling finds that an employer is not prevented from changing the terms of future work.
News
High Court Orders Firms to Pay £10.7 Million for Inducing Pension Transfers
Three directors found guilty of making false or misleading statements.
Gold-Hater Buffett Joins Rush into Precious Metal
An odd choice for the inveterate value investor, who just bought a hot stock in a miner of the glittering substance.
Pension Debt Expected to Surge Due to COVID-19 Volatility
Moody’s forecasts a 6% rise in total adjusted pension liabilities in 2020.
Canada Pension Plan Returns 5.6% in First Quarter
Strong investment gains raise total asset value to C$434.4 billion.
PFA Asset Management CEO Steps Down Less Than a Year after Taking Over
Irene Holmslykke has been named as the new CEO of the Danish asset manager.
CEOs Still Have Bleak View of the Economy
Conference Board survey says their confidence level is lousy. A portent for the future?
Pension Investing Strategies for a W-Shaped Recovery
If this is the calm between the storms, plan sponsors should consider adjusting their tactics.
Teamsters Pension Funds Sue McDonald’s over Alleged Sexual Misconduct
Lawsuit claims that such behavior is widespread throughout the burger chain, and points to defenestrated CEO.
Multiemployer Plans See Wild Funding Swings in First Half
Funded levels fluctuated from 85% down to 72% and back up to 82% during first six months of the year.
BofA: The 3 Market Risks You Haven’t Thought About
One relates to the pandemic, one to politics, and one to federal stimulus.
NZ Super Fund, Ontario Teachers’ Buy Australian Pathology Firm
The pension funds are each taking a 50% stake in Asia Pacific Healthcare Group in a $362 million sale.
Treasury Rejects Benefit Cut Requests from Musicians, Teamsters Pensions
MPRA rejections were the first under Treasury Secretary Mnuchin.
Why 3rd Quarter Earnings Might Just Romp, Sage Predicts
One-shot wonder: New stimulus money and pent-up consumer demand will fuel profits, says economist David Levy. Alas, the 4th period won’t be so hot.
Illinois TRS Executive Director Richard Ingram Resigns
Ingram steps down after being placed on administrative leave due to ‘performance issues.’