Church Pension Group Calls Ditching DB for DC Plan ‘Irresponsible’
Group says practice of moving from defined benefit to defined contribution plans is not done for the benefit of employees.
Research
Norway’s Government Pension Fund Global Returns 3.2% in Q3
Oil and gas, and basic material stocks, were the fund’s best-performing investments.
FCA: Financial Services Complaints Rise Significantly
New reporting methods boost numbers, but increase is “still significant.”
Report: Population Aging, Inequality to Hit Younger Generations Hardest
OECD says younger generations will face more challenges in retirement than current retirees
Canada, Europe Lead List of Most Responsible Asset Allocators
Six of the 25 most responsible asset allocators were based in Canada, while only two came from the US.
NEPC: Overfunded DB Plans Rise 10%
Survey finds 19% of defined benefit plans have a funded status higher than 101%.
Conning: Expenditures Continue to Pressure State Budgets
Fourth-quarter ‘State of the States’ report sees “no improvement” in state pension plan funding.
Pension Assets Hit Record $38 Trillion Worldwide
Report says nearly all losses from the 2008 financial crisis have been recouped.
Society of Actuaries Releases Annual Mortality Improvement Scale
Slight decline in life expectancies may slightly lower pension plan obligations.
FCA: UK Millennials Are Cash-Strapped, Under-Invested
The majority of 25- to 34-year-olds have no investments, and lag in savings.
Preqin: September Hedge Funds Post Highest Monthly Return Since January
Euro-dominated CTAs struggle.
JLT: Pensioners Could be Losing by Default
Report says the wrong automatic enrollment default funds could cost UK retirees hundreds of thousands of pounds.
Illinois Pensions’ Unfunded Liabilities Rise $17 Billion
Funded ratio for the state’s 671 funds drops to 47.9%.
Corporate Pensions Reap Largest Gains in September
Funded status of 100 largest US corporate pension plans rises to 84.3%.