UK’s NEST Pension to Quit Smoking
Move follows series of funds no longer interested in carrying tobacco-related investments.
Risk
Pittsburgh Mayor Asks Pension to Divest Guns, Fossil Fuels, Private Prisons
'These are areas that our financial means should not perpetuate,’ says Bill Peduto.
Rolls-Royce, Legal & General Strike $5.8 Billion Pension Deal
Insurer tops previous record for the largest risk transfer seen in the UK.
Third Swedish Pension Plan Divests from Nukes and Tobacco Companies
AP2’s decision sees it keeping up with new laws, sister funds AP1 and AP4.
UK MPs Call for Parliament’s Pension Fund to Divest Fossil Fuels
Lawmakers demand fund dumps BP, Royal Dutch Shell holdings.
Norway’s Sovereign Wealth Mega-Fund Divests from Cannabis
$1 trillion GPFG received heavy pushback from narcotics association.
Norway’s Largest Pension Fund Divests From Alcohol, Gambling Investments
Action latest in KLP’s quest to eliminate ‘sin stocks’ from its $80 billion portfolio.
CPPIB Returns 8.9% in Fiscal 2019
Foreign private equities were the investment portfolio’s top-performing asset.
NY State Pension Misses Target with 2019 Return of 5.3%
Private equity helps raise fund’s asset value to $210.2 billion.
Avery Dennison Transfers $750 Million in Pension Obligations
Deal with AIG covers 8,500 members of plan terminated in July 2018.
Denmark’s ATP Rebounds Big
Fund sticks to its ‘disciplined approach’ despite 21% return in the first quarter.
Australia Future Fund Bounces Back in Q1
A robust turnaround in equities brings a 5% return for the asset owner.
Dutch Pension Funds Rebound from December’s Santa Claus Blues
Despite a Q1 comeback, ABP, PFZW officials are worried about low interest rates, future benefit reductions.
BlackRock Assets Surpass $6 Trillion
World’s largest asset manager got a big Q1 boost, thanks to fixed income, even though equities dimmed.
Oregon Gov. Proposes Robin Hood Pension Solution
To fix state’s retirement systems that are ‘ill-prepared’ for economic downturn, Kate Brown plans to take from the rich and give their tax dollars to its poorly funded pensions.