Pensions
Canadian DB Plans Rebound in 2019, Return 14%
Strong comeback from 2018 losses provides second-highest return in 10 years.
Tag: Defined benefit (db) pension plans
Asset Allocation
Canadian Defined Benefit Plans Return 13.6% in 2019
End-of-year equities rally boosts returns for pension plan portfolios.
Newsmakers
South Carolina Governor Calls for Closure of Defined Benefit Pension
Gov. Henry McMaster’s proposed plan would move all new employees into a defined contribution pension.
Pensions
Funding for UK Defined Benefit Plans Rises in December
The total deficit for the plans is nearly halved as the funded ratio climbs to 98%.
Regulation
Canadian Defined Benefit Plans Surge at End of 2019
Rising bond yields, strong asset returns bring funded ratio to near all-time high.
Market Moves
UK DB Plans Funded Ratio Rises to 96.1% in November
Deficit for UK defined benefit plans fell to £71.1 billion.
Risk
New General Electric CIO Freezes Pension Fund
The new chief investment officer has been overseeing the underfunded plan for two weeks.
Falling Bond Yields ‘Warning Sign’ for Canadian DB Plan Sponsors
Aon says the window for de-risking opportunities ‘seems to be closing.’
Newsmakers
Breaking News: Chaudhari Leaves IBM for General Electric CIO Job
Noted financial helmsman, who improved Big Blue’s pension fully funded status, now tackles underfunded GE plans.
FTSE 350 Pension Deficit Hits Two-Year High
Mercer warns pension trustees to brace for a no-deal Brexit.
Taxpayer Costs Rise When States Move Out of DB Pensions
Research says changing benefits for new hires does not solve funding shortfalls.
US Defined Benefit Plans Rise in Q2, Recoup Losses from Q4 2018
The 100 largest US public DB plans saw a $50 billion rise in funding during the quarter.
US Corporate Pension Funding Rebounds from May Drubbing
The funded status of the 100 largest corporate DB plans edged higher to 88% in June.
Research
Canadian DB Plans Flat in Q2 Despite Strong Returns
Falling bond yields prove too much for robust asset gains.
Newsmakers
BMW to Freeze US Pension Program, Shunt Workers into DC Plan
Decision to shift American workforce into a defined contribution plan comes amid dropping earnings at the carmaker.