Private and public sector plans returned 8.4% in the final quarter, according to RBC Investor Services.
Report says ‘remarkably poor and unreliable’ data on the asset class is a stumbling block for defined benefit plans.
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
Oliver Morley will become CEO of the U.K.’s Money and Pensions Service.
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.
The Royal Mail finally received authorization for a plan it proposed in 2018 after closing its defined benefit plan.
The strategy is part of Healthcare of Ontario’s plan to get its portfolio to net-zero greenhouse gas emissions by 2050.
Despite downturn, the $684.5 billion fund’s losses were offset by an increased allocation to alts.
Bipartisan legislation is intended to attract workers to fill state job vacancies.
Despite decline, the British market topped £25 billion for the fourth straight year.