UK FCA: Less than Half of DB Pension Transfers Studied Receive Suitable Advice
Report finds only 47% of consumers receive appropriate advice on defined benefit transfers.
Tag: Pension
Newsmakers
California Treasurer Urges CalSTRS to Drop Gun Sellers
$213.7 billion fund owns shares in at least three public firms that make and sell guns and ammunition.
Newsmakers
NJ Public Pension Fund Returns 13%, Approves Up to $525 Million to Private Asset Strats
$76 billion fund just misses benchmark for fiscal year 2017.
Research
Increased Leverage Raises Risk for Canada’s Pension Funds
Leverage of six largest funds in country has risen to 24% from 19% in 2009.
Newsmakers
University of Missouri Adjusts Endowment, Pension Asset Allocation
Adjustments made to lower risk, and in anticipation of lower returns.
Newsmakers
Congress Members Introduce Bill to Protect Miners Pensions
New Act would direct Treasury to make loans to near-insolvent plans.
Newsmakers
Royal Mail Workers Vote Overwhelmingly for Strike Over DB Pension Changes
Official dates to be determined at Thursday’s union meeting.
Research
UK Private-Sector Pension Funding Levels Rise
DB plans show signs of fiscal improvement in September.
Research
Wilshire: US Corporate Pensions Up 1.3% at End of September
Longest streak of gains in more than 30 years, firm says.
Newsmakers
Conn. Gov Vetoes Budget over Pension Concerns
Gov. Dannel Malloy said the budget would eliminate hundreds of millions of dollars in pension fund contributions.
Pension Protection Fund Lowers Levy by 10%
Lifeboat fund reduces levy estimate for 2018-19 to £550 million from £615 million.
Los Angeles Pension System Cuts Rate of Return Assumption
LACERS lowers investment guidance to 7.25% from 7.5%.
Newsmakers
Swedish Pension Fund Thwarts Zuckerberg
AP7 calls Facebook abandoning C shares plan an ‘important success for minority owners.’
Newsmakers
Hong Kong MPF Plans more than Double in a Decade
Average benefits surge to HK$154,000 in 2016 from HK$68,000 in 2006.
PLSA Taskforce Proposes Defined Benefit Fix
Reports says 3 million Britons currently have only a 50% chance at receiving their full benefits.