Funded status improves thanks to portfolio changes.
Board of managers upholds 1991 policy to seek financial results, not social objectives.
The ESG-related securities will contribute to the fund’s $2.3 billion renewable energy investment plans.
Contributions may increase for existing beneficiaries.
Projections now show a 90% chance the program will run out of money in seven years.
Labor minister says everyone should have a choice concerning Pillar II.
North American exits make way for European entrants to the group.
Sales fall sharply from $11.1 billion in previous quarter.
The country’s sovereign wealth fund will transfer the initial €1.5bn ($1.75bn) to the plan.
Fund says its producers have a grim future as society abandons the fuel as an energy source.
CEO expects fund to report double-digit losses once every 10 years.
The small shortfall comes despite a bigger stress on risk.
The two insurers can take on more of the UK retailer’s obligations if needed.
ICBC Ansheng Asset Management approval follows proposal to expedite opening of insurance industry.
Church pension prepares for lower future returns, more volatility, and higher interest rates.