Standard & Poor's 500 companies' aggregate U.S. and non-U.S.
pension deficit and average funded status showed signs of optimism last
year -- as of December 31, the average funded status increased to 84%,
up from
78% a year earlier.
With a combined $2.35 trillion in assets for pensions,
health care and non-pension retirement programs for current and retired
workers, the report shows states need $1 trillion to match their
liabilities.
The US regulator's decision depends on whether the
Financial Industry Regulatory Authority (FINRA) implements strict
pay-to-play rules prohibiting activities by registered broker-dealers
acting as placement agents.
Companies are increasingly outsourcing risk by offloading defined
benefit pension scheme liabilities, research from consultants Hymans
Robertson shows.
Signatories to the compact are committed to reporting
annually on company progress in implementing
environmental, labor, social and corporate governance goals.
Following the financial crisis with corporate
pension plans looking
to minimize risk, SEI’s poll shows that other
focus areas include stress testing portfolio, evaluating investment
approach and defining fiduciary roles.
The Security Police and Fire Professionals of America Retirement Fund
& Central Laborers’ Pension Fund label Morgan Stanley's payouts as
“unjust enrichment” for failing to administer its compensation plans in
the best interests of the company and its shareholders; Juniper Networks
to pay millions in backdating suit.
CIC's Jiwei, a computer scientist-turned-economist, says the
SWF will let its own in-house portfolio managers lead investments in
developed markets. SWF Temasek will launch a new wholly owned
subsidiary.
Despite a predicted deficit of $1.6 trillion this year,
Steve Peacher says policy makers in the US have sufficient time to
deal with the triple-A rate cut issue.
