Aviva, Phoenix Take On $2 Billion of Marks and Spencer’s Pension Liabilities
The two insurers can take on more of the UK retailer’s obligations if needed.
Risk
China to Allow First Joint Venture Insurance-Asset Management Company
ICBC Ansheng Asset Management approval follows proposal to expedite opening of insurance industry.
Church Commissioners Slides in 2017, but Still Returns Strong Results
Church pension prepares for lower future returns, more volatility, and higher interest rates.
Rhode Island Pension Plans Total $2.4 Billion Shortfall
Report finds that more than one-third of local pensions are in critical status.
FedEx Sending $6 Billion in Pension Liabilities to MetLife
Transaction is largest risk transfer in US since Verizon/Prudential deal.
Treasury Approves Benefits Cuts for Fifth Pension Fund
Alaska Ironworkers Pension sees reduction plan accepted on second try.
Central States Pension Fund Could Be Insolvent by 2025
Executive director lays out plans to de-risk, shore up the plan.
China’s Third Pillar Pension System Trial Takes Flight
New program could grow to $1.5 trillion by 2025.
Canadian Pension Funds Lose 0.7% in Q1
The 334 pooled funds turn negative after record gains in 2017.
Texas Public Pension Funds Return 11% in 2017
However, survey of 63 funds finds pensions performing below their 20-year target.
Despite a 1.5% Loss, Norway’s Sovereign Wealth Fund Still Beats Q1 Benchmark
Negative returns triggered by increasing uncertainty as well as volatility in global equities markets.
Danish Pension Fund ATP Loses 1% in Q1
Fund blames first negative quarter since 2015 on falling global equities.
Corporate Pension Bond Bulls Could Further Flatten the US Treasury Yield Curve
Fear of a downturn creates a rise in de-risking.
New Institute Challenges ESG-Minded Divestment Movement
Group decries push to dump fossil-fuel stocks, saying that will hurt returns.
Four Pension Funds Apply for Benefits Reductions
Spate of applications brings 2018 total to five funds seeking permission to reduce benefits.