Public Employees Being Asked to Bear More Pension Burden, Risks
More than 70% of states have raised employee contribution rates since 2009.
Tag: Pension
CalPERS Terminates Real Estate Partner In Development Plan
CIM is out after nine years of failed efforts to develop a vacant lot in downtown Sacramento into an office tower. What’s next for the site is unclear.
Risk
Private Equity Powers VRS Returns, Just Missing Assumed Rate
Fund planning on bulking up private investments.
Research
Climate Change, Trade Collapse, and Cyber Warfare Among Top Investor Risks
Trade war implications are only a piece of the big picture, Thinking Ahead Institute head says.
Falling Discount Rates Send Corporate Pension Funding Tumbling
Funded ratio of 100 largest US corporate plans drops to 83.8% from 87.7%.
Corporate Moves
Boris Johnson Swiftly Picks a New Work and Pensions Secretary
New head picked almost immediately after former head’s shock resignation.
Asset Allocation
CPPIB Buys Stake in Top India Logistics Provider
Fund had allocated $7.5 billion to India, fiscal results show.
Newsmakers
ExxonMobil, Shell Among 10 Oil companies Dumped By Danish Pension Fund
The move is part of MP Pension’s 2020 ESG plans, which favor the Paris Agreement.
Newsmakers
Norway’s KLP Pressures Agribusiness, Investors to Save the Amazon
$80 billion fund seeks action to end ‘devastating environmental damage.’
Risk
Swedish Pension Fund AP2 Returns 10.7% in First Half
Despite strong return, fund fell short of its benchmark by 0.4%.
UK Firm Shuttered Over Pension Plan Mismanagement
Ecroignard Trustees was accused of investing in risky, illiquid vehicles.
Research
Fewer Deaths May Mean Increased Pension Liabilities
Lane Clark & Peacock expects UK mortality projections to show longer life expectancies.
CIOs, Constituents and Cooperation
Former CIOs, headhunters weigh in on best practices for managing relationships.
Risk
New York Cuts Investment Return Assumptions to 6.8%
DiNapoli says a ‘more conservative approach’ needed for lower return environment.
Newsmakers
Senators Call for US Gov’t Pension Fund to Reverse “Short Sighted” China Investment
They say federal employees’ retirement savings will be used to fund Chinese military.