FCA: UK Millennials Are Cash-Strapped, Under-Invested
The majority of 25- to 34-year-olds have no investments, and lag in savings.
News
Newsmakers
Church of England Pensions Board Chief Executive Bernadette Kenny Passes Away
Kenny oversaw innovative changes to the board as well as the National Church Institutions.
Two Pensions Withdraw Applications for MPRA Benefits Reduction
Teamsters Local 805 and Southwest Ohio Regional Council of Carpenters rescind suspension requests with Treasury.
UK State Pensions to Rise as Inflation Increases to 3%
CPI reaches highest level since 2012.
Newsmakers
Kentucky Governor Reveals “Keeping the Promise” Plan to Aid Pension System
Teachers, hazard workers to keep current benefits until 27 years of service is reached.
Newsmakers
Notre Dame Endowment Returns 12.6% for 2017
Asset value climbs $1.4 billion to $11.8 billion.
UK Insurers Call for Pension Dashboard Legislation
Britons change jobs 11 times in a career, which can create pension confusion.
Corporate Moves
CalSTRS CEO Becomes President of National Council on Teacher Retirement
Key objective is to develop council’s response to policy and political issues that “seek to undermine” national retirement securities.
Aviva, Legal & General to Cover One-Third of Pearson Pension Risk
Deal is largest of its kind for Aviva.
Florida SBA’s Ash Williams to Receive CIO’s Lifetime Achievement Award
Williams to be honored during CIO’s Innovation Awards Dec. 7.
Capita Staff Plans Nine-day Strike over Pension Changes
Company “surprised and disappointed” with union’s rejection.
Newsmakers
University of Arkansas Endowment Surges 15.4%
Strong returns help boost the university’s endowment over $1 billion.
Preqin: September Hedge Funds Post Highest Monthly Return Since January
Euro-dominated CTAs struggle.
Research
JLT: Pensioners Could be Losing by Default
Report says the wrong automatic enrollment default funds could cost UK retirees hundreds of thousands of pounds.
Research
Illinois Pensions’ Unfunded Liabilities Rise $17 Billion
Funded ratio for the state’s 671 funds drops to 47.9%.