Norway’s Sovereign Wealth Fund Returns 2.6% in Q2
Fund reports best half-year return in Norwegian kroner in its history.
Research
Public Employees Overwhelmingly Choose Pensions Over 401(k)s
Survey also finds workers in defined contribution plans earn lower returns than those in defined benefit plans.
Connecticut Unfunded Pension Liabilities Miscalculated, Report Says
Cause linked to unreported debt, unrealistic return expectations.
New Mexico State Investment Council Reveals FY 2018 Investment Plan
Hurdles include high valuations of risk assets, macroeconomic future.
Fidelity: UK Pensioners Face 46% Lower Income Than Before ’07 Crash
“Important not to abandon hope,” associate director says.
Credit Suisse: Commodities Picked Up in July on Signs of Economic Improvement
The oil sector gained with improving demand, although expectations for OPEC’s prospects of bringing down global production were reduced.
Connecticut Liabilities Outpace Asset Growth
Liabilities more than double in 10 years, while assets gain 28%.
Michigan State Endowment Gains 15.4%
Foundation attributes strong gains to active management.
Preqin: Hedge Funds Up 1.15% in July
Positive returns from top-level strategies; emerging markets continue nine-month hot streak.
Nearly Two-Thirds of 2016 FDNY Pensions Top $100K
More than 20% of total 15,606 FDNY retirees eligible for six-figure pensions; high retirement benefits attributed to disability-related plan.
Moody’s: NJ State Lottery Pension Law “Slightly Positive,” More Work Required
Report indicates while the law is a step in the right direction, lottery floor covers 25% of state pension’s ARC.
Virginia Retirement System Sees 12.1% Return for FY 2017
Public, private equities help boost fund to historic high.
Mortgages, Cars, Credit Cards Drive Household Debt Higher
US household debt has surged more than 15% in just four years.
Labour, House of Commons: 37 Million to Be Affected by UK Pension Age Increase
More than 56,000 in Prime Minister’s constituency.
