Newsmakers
13 China Pensions will Be Unable to Pay One Year’s Worth of Pensions
2050 pensioner-to-worker ratio will be 1:1.3, official says.
News
Royal Mail, Union Make Headway in Pension Talks
Company changes position on wage-in-retirement plan.
Research
Milliman: Top 100 Public Pension Plans Funded Status Improves by $36 Billion in Q3
Interest, new benefit accrual boosts total pension liability to almost $5 trillion.
Newsmakers
Pennsylvania Pension Returns 3.7% in Q3
Board also approves $175 million in new commitments.
Wells Fargo: Bull Market to Extend Through 2018, but End may not Be Far
International markets to lead growth, active management to make a resurgence.
Regulation
Is the Endowment Tax a Trojan Horse?
New 1.4% tax on private colleges’ investment income could be a ‘harbinger’ for non-profit entities.
Newsmakers
MOSERS Lump-sum Buyout Could Save $90 Million
22% of former state workers take lump-sum payout, fund expects more than $2 million in first-year savings.
Survey: Fewer Expect to Rely on Employers for Financial Security
Respondents also said they prefer a better benefits package over a larger salary.
Newsmakers
Ray Dalio Speaks on Tax Migration Dilemma
Bridgewater’s observations on state finances and their respective muni bond markets to be revealed shortly.
Natixis: Institutional Investors Shrug Off Volatility, Eye Active Management in 2018
59% of investors believe that the significant asset flows into passive products is suppressing market volatility.
Risk
TOBAM President Opens Up about New Bitcoin Mutual Fund
Choueifaty discusses heavy research prior to fund’s launch, Bitcoin criticism.
MillerCoors Purchases Group Annuity Contract
Company to transfer $900 million in pension obligations to Athene Annuity and Life.
EnCap Investments Closes Fund XI at $7 Billion
Fund XI focused on upstream sector of the North American oil and gas industry.
Research
Corporate Pensions’ Funded Ratio Rises for Third Straight Month
Funded status up nearly 5% from November 2016.
Corporate Moves
Roy Swan to Lead Ford Foundation’s Mission Investments Team
New director has dedicated much of his career to improving the quality of life in low-income neighborhoods.