Chairman of $316.6 billion fund cites diversification as motivation for overseas assets.
Roles to begin January 1.
OECD says younger generations will face more challenges in retirement than current retirees
Six of the 25 most responsible asset allocators were based in Canada, while only two came from the US.
Survey finds 19% of defined benefit plans have a funded status higher than 101%.
Fourth-quarter ‘State of the States’ report sees “no improvement” in state pension plan funding.
Long-term portfolio assets rise to $10.9 billion from $9.7 billion.
The Alaska Ironworkers Pension Plan says it will reapply before the end of the year.
Pensions, state budgets “are as vulnerable as they have ever been,” PEW Retirement Officer says.
Changes include increased contribution limits for 401(k), 403(b), and most 457 plans.
Ontario Superintendent of Financial Services appoints Morneau Shepell to oversee pension.
Although companies cite the cost savings, shareholder advocates see virtual meetings more as a means to better control the agenda at annual meetings.
Report says nearly all losses from the 2008 financial crisis have been recouped.
While the proposals intend to make it less onerous for public companies, market participants have concern about the impact of reduced disclosures for investors.