PBGC Updates Rate Tables on Expected Retirement Age, Missing Participants Mortality Assumption
Effective date for the final rule is January 1, 2025.
News
Academics Form ‘Shadow SEC’ Group to Facilitate Policy Discussions on Federal Securities Laws
The academic group will seek the “wisest possible federal securities laws and policies” and backed Trump’s pick for SEC chair.
British Airways Pension Fund to Enter $425.6M Longevity Swap With MetLife, Zurich
The transaction will cover 1,100 members of the Airways Pension Scheme.
Voting Support for NYC Pension Proxy Proposals Continues to Wane
Only 21% of proposals that went to a vote were supported by shareholders, down from 35% in 2022.
Weyerhaeuser, State Street Sued in PRT Lawsuit
Timberland company sued by former employees, represented by Schlichter Bogard LLP, over a pension risk transfer it conducted with Athene in 2019.
US Pension Plans Set to Increase Contributions in 2025
Approximately 58% of plans saw an increase in funded status, while 68% expect to increase contributions.
Con Michalakis Joins Funds SA as CIO
Michalakis will leave his deputy CIO role at Hostplus and start at the South Australia investment manager in February 2025.
Maryland Pension to Add Climate Advisory Panel
The board of the Maryland State Retirement and Penson System seeks three outside experts to assist the fund in achieving a sustainable portfolio.
Illinois Police Fund Finishes Consolidation of Local Pensions
The 14th and final tranche of asset transfers was valued at $1.6 billion, bringing IPOPIF assets to $12.9 billion.
Indiana Fund Narrows Finalists to Replace BlackRock
Under state law, the pension fund is required to replace service providers if they are determined to have made ESG commitments.
Northern Trust Signs Deal in Singapore to Work On Tokenizing Green Assets
The agreement with the National University of Singapore aims to support sustainable investing and blockchain technology.
Funds Are ‘Getting Back to Basics,’ Refocusing on Long-Term Returns
Pension and sovereign wealth funds are prioritizing returns over liquidity, according to the OMFIF’s annual review.
Structured Alpha Manager Settlement Offers Due Diligence Lessons
Investors need to ask about managers’ controls and for ‘evidence’ they are being used, consultant says.
How to Comply with the New Federal Outbound Investment Regulations
H.K. Park, of Crumpton Global, and Laura Black, of Akin Gump, review the details of the new Treasury regulation, which takes effect January 2, restricting U.S. investors' investing in certain Chinese companies.
BlackRock Identifies 1% to 2% as Optimal Bitcoin Allocation
Institutional adoption of the digital asset can dampen its volatility, according to a paper from the asset manager.