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.
Pensions
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.
BT Pension Plan Lost £11 Billion in Buildup to U.K. Bond Meltdown
Despite the steep loss, CEO Morten Nilsson says there is ‘no worsening’ in the plan’s funding position.
Fright Among British Pension Funds as Bonds Buying Ends
Bank of England says it is ceasing support for gilts on Friday, as plans face punishing margin calls amid tanking fixed-income values.
Funding Status of Pensions Increases Marginally Despite Equity Market Downturn
Concluding the September pension watch, two consultants monitored that funding ratios in U.S. plans had eclipsed over 100% funded.
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.
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.