Rising Discount Rates Push Pension Risk Transfer Costs Lower in April
Transferring retiree assets now costs an estimated 101.1% of a plan’s accumulated benefit obligation.
Pensions
Aon Advises German Pension Clients of Risks to US Assets
The investment consultant recommended corporate pensions stop making new investments in the U.S.
How to Evaluate the Options for a Corporate Pension Plan in Surplus
Capital Group’s Colyar Pridgen points out efficient ways to utilize a pension surplus.
UK Treasury Provides Guidance on Local Pension Consolidation
The Pension Investment Review aims to consolidate smaller public pension and multiemployer defined contribution pension schemes into ‘megafunds’ to emulate Australian and Canadian investing models.
2nd Circuit Vacates PBGC’s Denial of SFA Funds for NYC Pension
The Pension Benefit Guaranty Corporation had argued that the pension was not entitled to funds because it had already been terminated.
HESTA Dumps Mining Company Mineral Resources Stake due to Governance, Ethics Concerns
The $58 billion Australian superannuation fund also placed WiseTech on its watch list following four board resignations.
$125B Danish Pension Removes Defense Stocks From Blacklist
PFA, Denmark’s largest pension, will allow investments in select defense companies amidst an increase in European defense spending.
LACERA Sues Former Security Officer for Fraud
The Los Angeles County pension fund alleges Carmelo Marquez, who worked on an interim basis, defrauded the organization by giving contracts to companies he owned.
Corporate Pensions Were Best-Performing DB Plans in Q1
Fixed-income-heavy portfolios protected against market volatility, while defined benefit plans returned 0.52% overall.
Rising Discount Rates Drove Down Pension Liabilities in April
Corporate pension funding levels rebounded in April despite equity market volatility.
Proposals Offer New Ways to Use Retirement Surpluses to Boost Benefits, Raise Revenue
American Benefits Council has pitched plans to redirect surplus funds from pension funds without terminating retirement plans.
British DC Pension Schemes Pledge 10% Alts Allocation by 2030
The U.K. Treasury’s Mansion House Accord aims to unlock more than $70 billion in domestic investments.
Australia’s Future Fund Makes Leadership Appointments
Nancy Collins is joining as the fund’s new chief financial and chief risk officer.
Brown University Endowment Adds $5M in Bitcoin ETFs
The endowment purchased 105,000 shares of BlackRock’s iShares Bitcoin Trust exchange-traded fund.