Pension Debt Expected to Surge Due to COVID-19 Volatility
Moody’s forecasts a 6% rise in total adjusted pension liabilities in 2020.
Pensions
Canada Pension Plan Returns 5.6% in First Quarter
Strong investment gains raise total asset value to C$434.4 billion.
Multiemployer Plans See Wild Funding Swings in First Half
Funded levels fluctuated from 85% down to 72% and back up to 82% during first six months of the year.
New York Common Fund Returns 10% in First Quarter
After maintaining a conservative allocation strategy, the pension fund took the three months ending in June to snatch up some equities.
UK Corporate Pension Funding Falls in July
Aggregate deficit of the PPF 7800 has more than tripled over the past year.
CDPQ Loses 2.3% in First Half of 2020, Misses Benchmark
However, the C$333 billion pension beat its benchmark over the past five and 10 years.
Public Funds Lead Institutional Investment Rebound
Funds with significant exposure to equities outperformed during the second quarter.
Institutional Plans Report Best Quarter in over 33 Years
Large plans underperformed small plans, likely due to significant exposure to alternative investments.
CalPERS CIO Ben Meng Resigns from Nation’s Largest Pension Fund
Deputy chief Dan Bienvenue will take over until the retirement system finds a replacement.
Netherlands, Denmark, Australia Rated World’s Top Pension Systems
Thailand, Argentina, and Turkey were ranked as having the worst pension systems in the world by Visual Capitalist.
Alaska Permanent Fund Returns 2% in Fiscal 2020
The sovereign wealth fund beat a passive index benchmark, but missed its return target.
New York Common Fund Loses 2.7% in Fiscal Year
The pension plan, which closed its books in March, had incrementally dialed up an allocation to conservative assets.
Pennsylvania SERS Cuts Investment Return Rate Assumption to 7%
Pension board also approves reduction in assumed rate of inflation to 2.5%.
UK’s Largest Pension Fund Loses 1.7% in Fiscal 2020 But Beats Benchmark
Universities Superannuation Scheme reports 6.19% five-year return.
Canadian DB Pensions, Pooled Funds Rebound Sharply in Q2
Equities rally helps spur strong quarterly gains.