Pensions

Registered index-linked annuity sales hit a new quarterly record at $12.6 billion.

The Occidental Petroleum-owned firm is the only company in the U.S. that still imports the toxic chemical.

The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.

However, only half of the state and local retirement systems exceeded their assumed rate of return for the year.

The fund grew to $41.13 billion, a $1 billion increase over the last fiscal year.

The $77 billion pension fund is also looking to hire an investment officer for corporate governance and stewardship.

The School Employees Retirement System of Ohio topped its benchmark and raised its asset value to $17.8 billion.

The $22.6 billion pension fund is also seeking investment analysts for fixed income, equities and real assets.

The number of reported attacks on all British financial firms triple, with the pension sector seeing the biggest increase.

The Swedish pension fund fired its CEO and replaced its head of equities earlier this year after losing $2 billion from the collapse of Silicon Valley Bank.