Canadian PRT Transaction Volume Down 60% in H1
Plan de-risking deals took a backseat amidst market and trade-driven volatility, according to Sun Life.
Pensions
Public Pension Funding Ratios Modestly Increase in Fiscal 2025
Between 2023 and 2025, the funded status of state and local plans increased 1.5 percentage points, the Boston College Center for Retirement Research found.
NCPERS Warns of Risks From Dismantling Public Pensions
Transitioning from defined benefit to defined contribution plans could have negative ‘unintended consequences,’ the National Conference on Public Employee Retirement Systems found.
Huntsman Pension Completes $278 Million Buy-In with M&G
The PRT transaction will cover more than 660 retirees and deferred scheme members.
Japan’s GPIF Research Finds Some ESG Factors Boost Corporate Value
Diversity-related and other key performance indicators led to increased corporate value, according to the $1.7 trillion sovereign wealth fund.
British Columbia Pension Earns 10% in Fiscal 2025, Led by Public, Private Equities
The Canadian pension fund’s asset value grew to C$295 billion, but its returns fell short of the benchmark for the fiscal year through March 31.
PRT Volumes Expected to Reach $100B Annually in Coming Years
A new J.P. Morgan report found that pension risk transfers will be among the fastest-growing product lines in the life insurance sector.
Public Pension Fund Returns Remain Positive in Fiscal 2025, Despite Tariff Stumble
For the one-year period that ended June 30, April’s market downturn might not even be visible, but funds may miss their benchmarks, according to Equable.
OTPP Acquires Portfolio of Spanish Dentist Offices
The Ontario Teachers’ Pension Plan’s $1.17 billion acquisition of the Donte Group includes 426 dental clinics.
Funded Status of U.S. Corporate Pension Plans Rose Again in June
Aggregate surpluses rose to $114 billion in June from $102 billion in May, Mercer reports.
CalPERS Reports 11.6% Return in Fiscal 2025
Private equity delivered double-digit returns for America’s largest pension.
Ontario Teachers’ Pension Departs Airport Business
The pension fund sold its stakes in the five airports it owned in multiple transactions spanning fewer than three months.
UK Plumbing Pension Picks WTW as OCIO for $1.63B Plan
The Plumbing and Mechanical Services Industry Pension Scheme aims to eventually offload its liabilities to an insurer.
Ohio Legislators Reshape Teachers’ Pension Board Structure
According to the recently passed state budget, teachers will see their representation on the State Teachers’ Retirement System of Ohio’s board slashed to three from a majority of seven by 2028, following years of governance conflict.
Apollo-, Athene-Backed Athora to Acquire PRT Provider Pension Insurance Corp.
The $7.78 billion acquisition of the U.K.-based defined benefit insurer will create a group with $158 billion in assets.