U.K. Regulator Says Pension Trustees Are Not Prioritizing Diversity, Inclusion
TPR has published an ED&I action plan in response to ‘worrying’ research showing that trustees are doing too little.
Pensions
Iceland Tops Global Pension Index Again
The Netherlands and Denmark round out the top three for the second straight year.
Canadian DB Plans Weather Market Volatility, Inflation … So Far
With challenging conditions likely to persist, Mercer advises plan sponsors prepare for the worst but hope for the best.
PBGC Provides Financial Assistance to Struggling Metal Workers Pension
The Sheet Metal Workers Local Pension Plan from Massillon, Ohio, will receive nearly $29 million in assistance after over a year of partial payouts to beneficiaries.
PBGC Provides Financial Assistance to Struggling Metal Workers Pension
The Sheet Metal Workers Local Pension Plan from Massillon, Ohio, will receive nearly $29 million in assistance after over a year of partial payouts to beneficiaries.
Australian Pension Aware Super Launches Real Estate Platform
Pension fund aims for Aware Real Estate to manage more than A$7 billion in assets within five years.
IBM De-Risks $16 Billion in Pension Obligations
Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.
UK High Court Says RIP to RPI
Ruling shoots down BT, Ford, Marks and Spencer pension funds’ challenge to reforming inflation calculation.
Delaware Enacts Private-Sector Retirement Mandate
Program extends retirement benefits to private-sector workers who lack access to employer-sponsored plans.
Teamsters’ Plan to Claim Most of Latest PBGC Aid
More than $800 million from Special Financial Assistance Program will help two pension funds covering more than 22,000 participants.
Justice Department Ends Investigation of Pennsylvania PSERS
A 2020 accounting error had prompted the investigation that lasted for more than a year.
Public Pensions Face Sharpest Funded Ratio Drop Since Great Recession
Preliminary 2022 investment losses are estimated at 10.4% on average for state and local plans.
Iceland’s Retirement System Leads Global Rankings
A report finds the gender gap continues to persist in every retirement system in the world.
Ohio Teachers Pension Faces Special Audit Over Scathing Report
The state auditor says the information supports ‘a reasonable basis’ for conducting a probe of the retirement system.
Ohio Pension Systems Report Robust Returns for Fiscal 2021
Asset allocation for the six plans has shifted toward alts and away from US equities over the past decade.