GE Agrees to $1.7 Billion Buyout; BBC Pension Secures £3 Billion Longevity Swap
Athene will provide annuity benefits to approximately 70,000 GE retirees.
Pensions
CPPIB, AustralianSuper, UniSuper Invest in US Toll Road
The pension heads in Canada and Australia believe the infrastructure assets will guard against inflation.
Public Pensions Fail to Rebound with Market Rally
Report says the worst of the COVID-19 recession has ‘yet to be fully felt by state governments and public retirement systems.’
Nest to Reduce Carbon in its Growing Emerging Market Strategy
The UK-based pension fund will drill down on renewable energy in the strategy, which will roughly double next year.
Danish Pension Fund PKA Launches $3.5 Billion Private Equity Fund
PKA Private Funds IV is part of the pension’s strategy to invest in unlisted growth companies.
New York State Pension Fund Aims to Be Carbon Net Zero by 2040
The $226 billion Common Retirement Fund joins other institutional investors in following the Paris Agreement’s targets.
State Contributions Worry Kentucky Trustees Once More
At lowest funded US public pension fund, the same percentage of active worker payrolls will not net the same level of contributions as in the past.
Kroger to Pay Nearly $1 Billion to Ditch Multiemployer Plan
Supermarket operator will fork over $962 million to withdraw from UFCW International Union–Industry Pension Fund.
New Jersey Pension Fund Returns Only 0.82% Year to Date
The investment portfolio for the state’s pension fund fell short of its benchmark by more than 2 percentage points.
Why Brown Is Beating the Other Ivies
Markov Processes analyzes how Brown has managed to outperform its rivals in recent years.
Laid-Off Ford Managers Set Back on Bid for Higher Pension Payouts
Federal judge rules that they must use arbitration, instead of the courts, to seek redress.
Nearly 50 Religious Institutions Divest From Fossil Fuels
A group of mostly Catholic organizations follows Pope Francis’ call for decarbonization of economies.
Pension Gender Gap Closes to 1% in UK
However, report finds women are still saving £1,300 less per year than men.
Canada Pension Plan Investment Board Returns 5% for Quarter
Asset value rises to C$456.7 billion for Q2 of fiscal year 2021; fund names Frank Ieraci as head of active equities.
Kentucky Teachers’ Plan Improves Funded Status to 58.4%
The state’s full contribution led to a fourth straight year of higher funding levels, as the pension issue continues to roil the legislature.