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November 14, 2024

UK Chancellor Plans Britain’s Biggest Pension Reforms in Decades

Chancellor of the Exchequer Rachel Reeves proposed the consolidation of more than 80 local government defined contribution funds into pension ‘mega-funds’ in pursuit of Canadian- and Australian-style pension investing.

November 13, 2024

Corporate Pension Funded Status Ticks Up in October

Rising discount rates mostly offset both weak investment returns and declines in plan assets last month.

November 11, 2024

Japan’s GPIF Posts Worst Quarterly Loss Since Covid Outbreak

The pension giant lost 3.6% during the second quarter due to foreign bonds and falling domestic stocks.

November 8, 2024

Alberta Government Fires AIMCo Board, CEO

Concerns over costs led the provincial leadership to clean house and appoint Ray Gilmour as interim CEO.

November 8, 2024

Australia’s Prime Super Names McQueen as New Investments Head

Formerly head of Media Super prior to and during its merger, Michael McQueen will run investments for the multi-industry superannuation plan.

November 6, 2024

Aon Adds $4.56B in OCIO Assets With 3 New Clients

A defined benefit pension administered by the company is among the funds outsourcing assets in its EMEA region.

November 6, 2024

Utilities, Real Estate Equities Fuel Canadian Pension Plans’ 5.1% Q3 Returns

The performance raised the plans’ year-to-date return to 9.6%.

November 5, 2024

Nokia Named Mercer as OCIO for US Retirement Plans

The telecom giant outsourced the investment of its defined benefit pension and defined contribution portfolios.

November 4, 2024

UK Pension Allocates 3% of Portfolio to Bitcoin

According to pension adviser Cartwright, an unnamed client allocated a single-digit percentage to the digital asset.

November 4, 2024

PBGC Approves SFA Funding for 4 Pension Funds

Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund, all distressed funds, were provided with support.

November 4, 2024

CPP Investments Launches Joint Venture to Bolster UK Housing Market

The C$648.8 billion pension giant will own a 90% stake, while real estate firm Kennedy Wilson will take a 10% interest and manage the operation.

November 1, 2024

Florida CFO Tells Pension Funds to Consider Crypto Investments

Jimmy Patronis called on the $245 billion State Board of Administration to study adding digital assets to the state’s pension fund.

October 31, 2024

Underperforming Alts Weigh Down New Hampshire Pension Returns

The New Hampshire Retirement System’s 8.8% fiscal 2024 return missed its benchmark by 310 basis points.

October 30, 2024

Illinois Municipal Retirement Fund Seeks Real Estate Managers

The IMRF aims to commit at least $50 million to residential property strategies.

October 30, 2024

Deutsche Bank UK Pension Completes $1.4B Buy-In

The pension risk transfer transaction will be the bank’s third with Legal & General.