Report: Global Pensions Hit Record $41.3 Trillion
US, UK, and Japan among top total asset markets.
News
Risk
California Controller, CalSTRS CEO: Financial Markets Are Underpricing Carbon Risk
CalSTRS’ Jack Ehnes urges asset owners to help lawmakers understand the ‘business case’ for clean energy.
UK Pension Funding Levels Continues to Rise
Deficits shrink on a monthly and annual basis.
Regulation
NJ Lawmakers Revive Police, Firefighter Pension Spin Off Bill
Under new policy, PFRS would shift management from the state to a 12-member board.
Private Pensions Boost British Wealth
Survey finds that more than half of UK wealth growth comes from private pensions.
Newsmakers
Royal Mail, CWU Settle 10-Month Pension Dispute
Union members must approve deal in national ballot.
Regulation
Temer’s Pension Reform Still Lacking Congressional Votes
Poll reveals massive displeasure with president’s government among Brazilians.
Asset Allocation
Pennsylvania SERS Approves $675 Million in New Investments
System has approved nearly $1.8 billion in investments since September.
Mercer: Tax Reform, Quant Tightening among Top Priorities for DB Plans in 2018
New whitepaper urges plans to create a strong defense against economic, political shocks.
Carillion Ignored Advice to Boost Pension
Consultants said the collapsed company could have afforded ‘materially higher’ pension contributions.
Newsmakers
World’s Asset Owners Discuss ESG Investment Plans at United Nations (Part 1)
Hiro Mizuno of GPIF is calling for RFPs to create a new global environmental index.
Risk
Illinois Lawmakers Entertain Bold Bond Sale Plan
Details explained by University of Illinois math professor.
Market Moves
Miami Pension to Divest from Real Estate Fund
Fund shifts 5% allocation to large cap and fixed-income investments.
Risk
FCA Warns of Social Media Cryptocurrency Scams
Regulator says investors lost £87,410 per day last year to binary options scams.