Deficit of UK Defined Benefit Plans Balloons in May
Aggregate deficit of the PPF 7800 increased more than tenfold to £69.9 billion.
Tag: Pension
House Committee Advances Multiemployer Pension Reform Bill
Butch Lewis Act aims to protect hundreds of pension plans at risk of becoming insolvent.
Large Investor Coalition Pressures ESG Disclosure on 700 Companies
With backers worth $10 trillion, the group includes the Washington State Investment Board and the New York Common Retirement Fund.
Newsmakers
Illinois Reverses Course on Salary Cap Bill that Would Mitigate Benefits
Gov. Pritzker does an about-face on last year’s 3% cap.
Supreme Court Agrees to Hear Case on ERISA Statute of Limitations
Lawsuit against Intel claims company plans included overly risky investments.
Active Investing Adds Billions to Canada’s Pensions Annually
Analysis shows a passive strategy could have cost CPPIB nearly C$50 billion since 2006-2007.
CalPERS Commits More than $1 Billion To PE
However, new co-investment program won’t be discussed this month as expected, and the fate of proposed direct-style private equity program also remains unclear.
Risk
UK’s NEST Pension to Quit Smoking
Move follows series of funds no longer interested in carrying tobacco-related investments.
Newsmakers
Texas Teachers’ Gets its First Contribution Rate Increase in 25 Years
Advocates call it ‘the most positive legislative action for all TRS members’ in quarter century.
Corporate Moves
Christian Ministry Pension’s New CIO Is Former IBM-er
Noradeen Farlekas replaces MMBB’s outgoing chief and longtime employee, Candace Cox.
Newsmakers
Nominate the Best Asset Owners and Managers for the 2019 CIO Innovation Awards
Nominate your best asset owners and managers for this year's 10th annual bash.
Newsmakers
Legal & General Is Trying Out Blockchain for Its Bulk Annuities
The UK insurer to work with Amazon to cut costs and better store data for future bulk annuity deals.
Risk
Pittsburgh Mayor Asks Pension to Divest Guns, Fossil Fuels, Private Prisons
'These are areas that our financial means should not perpetuate,’ says Bill Peduto.
Newsmakers
Exclusive: North Dakota CIO Outlines Key Considerations When Revising Equity Portfolio
David Hunter discusses the principles he and his staff will adhere to when moving forward with their upcoming equity portfolio revision.
Newsmakers
Plans for Raytheon and UTC Pensions, Investment Divisions Unclear After Merger
Massive new corporate combination has $94 billion in retirement assets.