Ohio pension funds won class action certification over allegations of accounting fraud, among others; judge ends civil charges accusing BofA of misleading shareholders when it acquired Merrill Lynch.
Standard & Poor's 500 companies' aggregate U.S. and non-U.S.
pension deficit and average funded status showed signs of optimism last
year -- as of December 31, the average funded status increased to 84%,
up from
78% a year earlier.
With a combined $2.35 trillion in assets for pensions,
health care and non-pension retirement programs for current and retired
workers, the report shows states need $1 trillion to match their
liabilities.
The US regulator's decision depends on whether the
Financial Industry Regulatory Authority (FINRA) implements strict
pay-to-play rules prohibiting activities by registered broker-dealers
acting as placement agents.
Companies are increasingly outsourcing risk by offloading defined
benefit pension scheme liabilities, research from consultants Hymans
Robertson shows.
Signatories to the compact are committed to reporting
annually on company progress in implementing
environmental, labor, social and corporate governance goals.
