Ohio Takes Lead in $25.5 Million Suit Against Warner Bros. Discovery
Class-action lawsuit alleges company intentionally failed to disclose financial problems at WarnerMedia prior to merger.
Pensions
US Single-Premium Buy-Out Sales Set Record in Q3 ’22
U.S. single premium buy-out sales are poised to set new records for 2022, as the third quarter delivers $26.15 billion in buy-out transaction volume.
PSERS Exploring Legal Action Stemming from Reporting Error
The 2020 fund reporting error’s revision triggered the state’s shared-risk provision, which required school districts, as plan providers, and plan participants to pay more into the system.
Oregon Treasurer Pledges to Decarbonize State Pension Fund By 2050
Tobias Read says he’ll have a comprehensive plan to meet Paris Agreement goals by early 2024.
CalSTRS Reports Saving More Than $1.2 Billion in Portfolio Costs Since 2017
The California State Teachers’ Retirement System reports that its Collaborative Model, an investment strategy that seeks to reduce costs, control risks and increase expected returns, cut operational costs by $437 million in 2021.
Higher Interest Rates Put LDI Derivative Usage into Question
LDI strategies allow for passive equity to be replaced by holding ‘cash’ and synthetic equity instruments. But with better funding statuses, are pensions’ derivative positions less necessary?
“Relief Is No Longer Relief:” Financial-Market Upheaval Overtakes Best Intentions of Pension Legislation
Even with American Rescue Plan Act relief largely unavailable, pension plan balance sheets improved in 2022, causing some corporate plan sponsors to consider adding risk in 2023.
DOL’s Releases Final ESG Rule for ERISA Plans
Plan sponsors can consider climate and other ESG factors when selecting investments and voting proxies.
Here’s How Much Rising Rates Help Pension Plan Liabilities
Defined benefit plans see their obligations reduced, but there are also impacts on lump sum distributions, PBGC tabs and more.
Public Hearing Exposes Discord on QPAM Rule Implementation
A DOL public hearing held Thursday on the new QPAM Rule proposal highlighted concerns about foreign convictions and non-prosecution agreements as grounds for QPAM disqualification.
What Do Pension Funds Worry Over Most?
NEPC survey says they are leery of rising interest rates, the Fed’s ability to handle inflation and profit margins.
CPP Investments Increases Net Assets to $529 Billion at End of Second Quarter 2023
In Q2 2023, the CPP fund returned 0.2% while increasing total assets by $6 billion.
U.S. Pension Funding Ratios Continue to Increase
Better equity performance and higher interest rates in October contribute to pensions nearing full funding.
Market Volatility Boosts UK Corporate Pension Funding
FTSE 350 pension plan surplus increases nearly six-fold in October.
Canadian Pension Giant Aims to Close Net-Zero Reality Gap
CPPIB releases framework to help companies meet net-zero goals using reliable data and disclosures.