Athene Fined $45 Million for Unlicensed Pension Risk Transfers
New York regulator said the firm illegally entered into 14 risk transfer deals.
Risk
Op-Ed: We Need to Talk about Pensions
Matthew Bale from RiskFirst, a Moody’s Analytics company, takes an analytical look at the implications of COVID-19 for the UK pension industry.
Here’s How Rotten Corporate Earnings Will Be This Year
Analysts say EPS should be 8.3% in the red, although that may be too sanguine.
CalPERS Delays Launch of Two Programs to Lower Drug Costs
The shift to next year is due to the disruption from the coronavirus, the retirement system says.
US Corporate Pensions See Shocking $93 Billion Funding Gain in March
Surging discount rate offsets asset loss of $85 billion.
UK Equity Funds Weather Market Turmoil Surprisingly Well
Fixed income unexpectedly takes brunt of record monthly outflow of UK mutual funds.
Ackman Scored $2.6 Billion on Bond Bets as Markets Sank
After toying with cashing in all his assets, the investor placed a canny wager against corporate fixed-income.
Report: Virus’ Effect on NYC Teachers’ Pension Fund Poses Risk to City
NYU pinpoints the program’s unique Tax-Deferred Annuity offering and contribution volatility as threats.
Keep Workers on the Job, Group Demands, as Business Leaders Start to Concur
Investor group, headed by New York City Comptroller Scott Stringer, now sees the corporate world headed its way.
New Jersey Is Enlisting State Pensioners to Return to Work
The governor hopes to bolster ranks thinned by the coronavirus, letting retired workers collect regular pay without shrinking their pension payouts.
Fitch Downgrades Outlook Again as Pandemic Worsens
Agency sees ‘deep global recession,’ says immediate hit will be worse than global financial crisis.
Europeans Worry About Financial Future in Low Interest Rate Environment
A joint research paper concludes Europeans are most worried about their ability to save for retirement.
OP-ED: Getting Ahead of Structural Change After the Chaos
Shifts to consider when planning future investments.
UN Proposes $2.5 Trillion Coronavirus Package for Developing Countries
COVID-19 economic shock to developing nations even more dramatic than 2008 financial crisis.
Pennsylvania SERS Waives Minimum Required Payments from DC Plan
Permitted under the CARES Act, the provision allows portfolios to recover from stock market downturns.