UK Shelves Decision on When to Raise Pension Age to 68
The delay follows violent protests spurred by the French government’s decision to increase France’s pension age to 64 from 62.
Pensions
US Pension Risk Transfer Market Hit $51.8 Billion in 2022
Higher interest rates drove a spike in transactions, Aon reports.
Corporate Pension Funding Ratios See Slight Increase in February
Volatile equity market performance mostly offset the impact of lower liability values in February, resulting in a modest boost in corporate pension funded ratios.
How to Navigate Pension Risk Transfers, per 2 Experts
Shipping off DB assets and beneficiaries to insurers can be a tricky business. What about those private equity holdings?
Alaska Bill Seeks to Revive Defined Benefit Pension
Bipartisan legislation is intended to attract workers to fill state job vacancies.
UK Pension Risk Transfer Market Drops to £26 Billion in 2022
Despite decline, the British market topped £25 billion for the fourth straight year.
Multiemployer Plan Funded Levels Fall Despite American Rescue Plan Aid
Investment losses dragged aggregate funded levels 12 percentage points lower in 2022.
Teacher Pension Costs Triple Since 2001, Report Says
Research finds education retirement costs are significantly outpacing education spending.
Swedish Pension AP1 Loses 8.6% in 2022
Despite alts gains, fixed income and equities weigh down portfolio, contributing to investment losses of nearly $4 billion for the year.
Largest Corporate Plans Hit Highest Funded Status Since 2007, Despite 2022 Investment Losses
Higher interest rates lowered liabilities, as average asset losses reach 21% for the fiscal year, a Russell Investments study shows.
Ohio State Pension Approves New Asset Allocation
OPERS increases its exposure to alts and U.S. equities, while cutting back on fixed income and foreign equities.
Fixed Income Weighs Down CDPQ to 5.6% Loss in 2022
Canada’s second-largest pension blames loss on “worst simultaneous stock and bond market correction” in half a century.
Court Refuses to Dismiss Central States Pension Lawsuit
District of Northern Illinois judge finds employer liable for withdrawing from pension obligations during collective bargaining agreement transition.
Stocks, Bonds—Hah! Wilshire Lays Out a Broader Asset Allocation
Don’t bet on a resurgence for the big two traditional mainstay investments, the consulting firm says.
Ohio STRS Loses 9.52% in 2022, Board Rejects Neville Vote of Confidence
Despite loss, the $89 billion investment portfolio outperforms it benchmark by 138 basis points.