Pensions
IBM De-Risks $16 Billion in Pension Obligations
Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.
Tag: Defined Benefit
Asset Allocation
Higher Stocks Benefit US Corporate Plans in July
Despite lower discount rates, aggregate funding level for plans of S&P 1500 companies rose to 102%.
Asset Allocation
Despite Falling Markets, UK DB Funding Levels Continue to Rise
Thanks to surging bond yields, the aggregate funded ratio of the PPF 7800 rose to 120.1% in June, up from 106.5% a year ago.
Newsmakers
Charles Counsell to Step Down as TPR CEO
Counsell, who took the post in 2019, will leave at the end of March 2023.
The Role of Life Expectancy in Retirement Age Around the World
An increasing number of governments are pegging retirement age to life expectancy, but it comes with consequences.
Newsmakers
Proposed Dutch Pension Reform Would Phase Out DB Plans
If passed, the law would come into effect at the start of 2023, with a transition deadline of 2027.
Newsmakers
Canadian, UK DB Plans Improve Despite Market Volatility and Inflation
Rising bond yields more than offset investment losses to reduce pension liabilities.
U.S. Corporate DB Plans Hit Highest Funded Status in Years
Higher discount rates have helped, but investment managers suggest sponsors be mindful of risks ahead.
Newsmakers
Funded Ratio for US Corporate Pensions Tops 100% Despite Market Drop
Multiemployer pension plans’ funded level rises to 91% at year-end 2021.
Newsmakers
City of San Diego Will Retroactively Replace Thousands of Employees’ DC Plans With Pensions
The payments will mark an end to a nine-year legal battle.
Newsmakers
DB Plans Far More Cost-Efficient Than DC Plans, Research Finds
Switching from pensions to 401(k) plans only saves money if benefits are cut substantially, a new report says.
Risk
US Corporate Pensions’ Funded Status Surges in 2021
Increasing funding levels are expected to spur another big year for pension risk transfers.
Newsmakers
UK Regulator Anoints Clara-Pensions as First DB Superfund
The consolidation of pension funds is intended to provide a more efficient alternative to bulk annuities.
Paul Colonna: The Perfect Fit for a Big Company CIO Job
Sporting good returns, Lockheed Martin’s investment chief prepped at State Street and General Electric.
Asset Allocation
UK Pension Plans Lag Behind in Climate Change Plans
The availability of climate-related data can be a significant issue for trustees.