Scary Similarity: The Roaring Twenties and Today
Then resembles now a lot, says State Street’s Arone. And we know how the 1920s ended.
Risk
More Than Half of UK Public Universities Commit to Divest Fossil Fuel
Divestment campaign gathers steam with 79 universities signing on since 2014.
Michigan Police Pension Files Securities Lawsuit Against Prudential
Fund alleges insurance giant provided false information that artificially inflated its stock.
CalPERS Outlines Key Economic Risks for Next Decade
Declining interest rates, increasing profit margins less likely to repeat, and high valuations across domestic markets topped the list.
Endowment Index Surges 20.19% in 2019
China helps index rebound sharply from previous year’s 9% decline.
Good Job Growth Shows Bosses’ Trade War Fear Has Ebbed, Economist Says
Pantheon’s Shepherdson finds that need for hiring amid solid economic growth calmed worries.
Texas ERS Could Become Insolvent 20 Years Earlier than Previously Anticipated
An actuarial valuation report cites the plan’s risk of going insolvent by 2075.
EU Pension Plans Show Massive Shortfalls in Stress Test
Only 30% of plans have processes to manage ESG risks.
Over 100 Multiemployer Pension Plans May Fail Within 20 Years
Plans, like the New England Teamsters', covering 1.4 million people are underfunded by $56.5 billion.
Can Marijuana Help Solve Kentucky’s Pension Woes?
Lawmakers assert legalization is a ‘win-win situation for everyone involved,’ and advocate for a quick approval.
Kentucky Makes Changes to Free Pension from Funding ‘Death Spiral’
Proposed liability-based model would protect employers from contribution rate increases.
Police Pension Fund Sues Goldman Sachs for 1MDB Records
Sergeants Benevolent Association calls Malaysian scandal ‘worst-ever fleecing of a sovereign wealth fund.’
French Prime Minister Reveals Pension Reform Plan
New system will be consolidated from 42 separate plans into one.
UK Pension Risk Transfer Market to Quadruple in Decade
Mercer expects UK bulk annuity market to top £40 billion this year.
One-Fifth of CalPERS Equity Portfolio Faces Climate Change Risk
In inaugural report mandated by state, pension details four sectors in which climate change could affect its portfolio.