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.
Report finds that more than one-third of local pensions are in critical status.
Transaction is largest risk transfer in US since Verizon/Prudential deal.
Alaska Ironworkers Pension sees reduction plan accepted on second try.
Executive director lays out plans to de-risk, shore up the plan.
New program could grow to $1.5 trillion by 2025.
The 334 pooled funds turn negative after record gains in 2017.
However, survey of 63 funds finds pensions performing below their 20-year target.
Negative returns triggered by increasing uncertainty as well as volatility in global equities markets.