Robots, AI Could Lead to Longer Retirements
Report says gains from modernization should be used to halt rising pension ages.
News
Newsmakers
British Airways Announces Proposals to Close NAPS Pension
Closure would protect existing benefits, but unions express “dismay and bitter disappointment.”
Corporate Moves
Norges Bank Real Estate Management Names New CIOs
Per Løken and Romain Veber to oversee the US and Europe, respectively.
AWE Employees Agree to Settle Pension Dispute
Workers end industrial action for what union calls ‘best possible deal available.’
Newsmakers
Baltimore Council Votes Unanimously to End “Double-Dipping” Policy
New bill will take effect next month.
Ascension Health to Guarantee $29.5 Million in Pensions Following “Church Plan” Lawsuit
Payments will come from Ascension if the Wheaton Franciscan plan can’t cover them.
Natixis: Portfolios Favoring Active Management See Strong First Half
Active asset management strategies came out ahead in the first half of 2017, with the portfolios that had higher allocations to US and international equities, and active managers over...
Newsmakers
MOSERS Offers Lump-sum Payment Option to 17,000 Former Employees
Program could save $7 million per year for the fund.
Newsmakers
Alabama Bill Seeks to Revive Deferred Retirement Program
Proposed legislation would benefit teachers and state employees missing out on cost-of-living raises.
Wilshire: US Corporate Pensions Funded at 83.2% in August
Despite a 0.9% decrease, plans up 7.3% in past 12 months.
World’s Top 300 Pensions Grow 6.1% in 2016
The largest annualized growth over past five years is from North American funds.
Research
Chile Reports 13.2% Hike for Pension Funds in Q2
Total assets under management rise to more than $190 billion.
Corporate Moves
Russell Investments Names Michelle Seitz as New CEO
30-year industry leader to succeed Len Brennan, who will become strategic advisor to the firm.
Research
US Single Premium Pension Buyout Sales Surge in Q2
Report finds most companies are interested in pension risk transfers.
UK Pension Deficits Rise in August
Growth of liabilities outpaced assets, however, deficits are down from a year ago.