Corporate Pensions See Funding Ratio Gains in July
The funded status of corporate plans increased for the fourth consecutive month, primarily due to a decline in the value of liabilities.
Pensions
PRT Market Outlook Remains Strong, Despite Mega-Deal Slowdown
The U.S. and U.K. will continue to be the center of the $1 trillion pension risk transfer boom, according to Legal & General.
Norway’s $1.9T SWF Divests 11 Israeli Investments, More Possibly to Come
The country’s central bank has also terminated its contracts with external managers in Israel.
Kodak Seeks Pension Reversion Proceeds to Pay Down Debt, Avoid Insolvency
The company has terminated its retirement income plan in favor of a cash balance plan amidst going concern warnings.
South Carolina Retirement System Returns 11.34% in Fiscal 2025
Assets managed by the Retirement System Investment Commission increased to $50.34 billion.
National Grid Completes Third Pension Risk Transfer via Rothesay
The $1.2 billion annuity buy-in, the third in five years conducted by the pension and insurer, will cover 7,130 uninsured scheme members.
New York City Pension System Returns 10.3% in Fiscal 2025
The city’s five retirement systems collectively managed $294.6 billion as of the end of June 30.
MassPRIM Returns 9.6% in Fiscal 2025
Massachusetts Pension Reserves Investment Management assets rose to $115 billion.
Brinley Partners Launches Inaugural CLO, Backed by $4B From Insurance Firm
The BCI-backed private credit firm plans to target companies in defensive sectors.
New York State Pension Puts More Into Private Equity
The $273 billion New York State Common Retirement Fund committed $2.3 billion to the asset class during March and May alone.
CalSTRS Achieves 8.5% Return for Fiscal 2024-25
Assets of the California State Teachers’ Retirement System rose to $367.7 billion.
Canadian PRT Transaction Volume Down 60% in H1
Plan de-risking deals took a backseat amidst market and trade-driven volatility, according to Sun Life.
Public Pension Funding Ratios Modestly Increase in Fiscal 2025
Between 2023 and 2025, the funded status of state and local plans increased 1.5 percentage points, the Boston College Center for Retirement Research found.
NCPERS Warns of Risks From Dismantling Public Pensions
Transitioning from defined benefit to defined contribution plans could have negative ‘unintended consequences,’ the National Conference on Public Employee Retirement Systems found.
Huntsman Pension Completes $278 Million Buy-In with M&G
The PRT transaction will cover more than 660 retirees and deferred scheme members.