Church of England Pension Returns 9.4% in 2017
Audit finds ‘significant level of long-term debt liabilities.’
Risk
Britain’s Public Equity Boosts Pension Protection Fund’s Ratio
Benefits lifeboat took on highest total obligations in Carillion, Toys R Us, and Hoover liabilities.
New Jersey Making Big Push on ESG Investing
State pension system targets arms sales, using contractors instead of employees, and foreclosures on hurricane victims.
Dutch Pension Divests from Korean Firm over Deforestation
APB sells off €300,000 worth of shares in Posco Daewoo due to impact of palm oil plantations.
World’s Largest Pension Fund Hits $1.4 Trillion
Japan’s Government Pension Investment Fund fails to beat its 2014 return record after fourth-quarter stock and treasury slump.
Colorado Public Pension Returns 18.1% in 2017
Strong returns and new legislation help raise funded status to 61% from 58%.
Higher Beneficiary Life Expectancy Pushes Denmark Fund Into Hedging Portfolio
ATP needs higher returns to meet future needs of population, with newborns adding 2-4 years to projected lifespans.
Swarthmore Endowment Will Not Divest from Fossil Fuels
Board of managers upholds 1991 policy to seek financial results, not social objectives.
Canada Pension Plan Investment Board to Issue Green Bonds
The ESG-related securities will contribute to the fund’s $2.3 billion renewable energy investment plans.
Southampton University Is Closing Its DB Plan for Future Non-Teaching Members
Contributions may increase for existing beneficiaries.
Insolvency Looms Larger for PBGC Multiemployer Program
Projections now show a 90% chance the program will run out of money in seven years.
Romania’s Mandatory Private Pension Becomes Optional
Labor minister says everyone should have a choice concerning Pillar II.
Billion Dollar Hedge Fund Club Grows to $889B
North American exits make way for European entrants to the group.