eVestment: Public Pension Plans Gravitating to Real Assets, Private Equity
The trend may help introduce more transparency in these private markets since public plans are held accountable, firm says.
Tag: Pension
Newsmakers
Oregon PERS to Lower Fund’s Assumed Rate 0.3%, Increasing Unfunded Liability
New rate suggested by Milliman based on study.
Maryland SRPS Returns 10% in FY2017
Private, public equity reap the majority of gains.
Research
Church of England Pension Board Posts Best Year on Record with Returns of 21.2%
Fund doubles down on ethical investing, returns highest since record keeping started in 2003
Newsmakers
$1.3 Billion Needed for Chicago Pension Funds, Debt Payments, KBRA Says
The bond rating agency suggests positivity, despite rocky road ahead.
GSAM’s Moran: Surging PBGC Fees Incentivize Pension De-Risking
Companies are increasingly considering annuitization and lump sums due to sharply rising premiums.
Unite to Vote on Royal Mail Pension Proposals
Union doesn’t offer a recommendation, but calls proposals “best achievable” package.
CalSTRS Generates 13.4% Return
The fund outperforms benchmark for first double-digit returns in three years.
Mercer Report Warns of Future $137 Trillion US Savings Gap
Report cites empty promises from Social Security, DB programs as the cause.
Newsmakers
UK Moves Up Pension Age Change
New timetable sees pension age rise to 68 by 2037, seven years earlier than current legislation.
Newsmakers
FedEx, Kroger to Contribute $1 Billion Each to DB Plans
FedEx’s 2017 pension contribution is more than triple that of 2015 and 2016 combined.
Risk
Kentucky’s Sen. Schickel Praised for Sticking to ‘CERS Divorce Bill’
The senator also says passing SB 226 could help the state’s police fund.
Newsmakers
CIO of National Pension Service, Third-Largest Pension Fund, Resigns
In the aftermath of a scandal, South Korea’s National Pension Service loses CIO Myoun-Wook Kang.
Research
Most Irish Workers Don’t Have Access to Work Pensions
And nearly a quarter of people with access to work pensions don’t use them.
CalPERS Posts Preliminary Gains of 11.2% for 2016-2017 Fiscal Year
Strong equity gains of 19.7% drive funded ratio up 3% to 68%.