Pensions
Iceland Tops Global Pension Index Again
The Netherlands and Denmark round out the top three for the second straight year.
Tag: Pension
News
U.K. Pension Withdrawals Surge Amid Rising Inflation
Data show plan participants are increasingly dipping into their pensions to offset cost-of-living increases.
Pensions
Canadian DB Plans Weather Market Volatility, Inflation … So Far
With challenging conditions likely to persist, Mercer advises plan sponsors prepare for the worst but hope for the best.
Newsmakers
Hartford HealthCare CIO Firing Blindsides Investment Committee
Panel members cite ‘friction’ between ousted CIO David Holmgren and the medical organization’s management.
Pensions
IBM De-Risks $16 Billion in Pension Obligations
Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.
Asset Allocation
Higher Stocks Benefit US Corporate Plans in July
Despite lower discount rates, aggregate funding level for plans of S&P 1500 companies rose to 102%.
Risk
WTW Index Shows Mostly Positive Second Quarter for Global Pension Funds
U.S. pension funds’ relatively high domestic equity allocations made the funds more vulnerable to the market downturn than other countries and regions.
Newsmakers
Los Angeles Fire and Police Pensions GM Ray Ciranna to Retire
Ciranna will remain with the pension fund until the end of August.
Regulation
New York AG Sues Albany Diocese Over Pension ‘Mismanagement’
Lawsuit seeks to restore lost benefits for more than 1,100 former St. Clare’s Hospital workers.
The Role of Life Expectancy in Retirement Age Around the World
An increasing number of governments are pegging retirement age to life expectancy, but it comes with consequences.
Newsmakers
The New York Common Retirement Fund Will Vote to Remove the Boards of Twitter and Meta Today
The pension fund cites the companies’ failure to moderate violent content in the wake of recent mass shootings.
Regulation
UK Regulator Launches Pension Spot Check Inspections
The Pensions Regulator has also published for consultation a new enforcement and prosecution policy.
Newsmakers
CPPIB Reports 6.8% Net Returns
The fund also highlighted some of its largest individual investments over the past fiscal year.
Newsmakers
PSERS Considers Suing Aon for Miscalculating Returns
The pension fund has hired law firm Blank Rome to look into potential litigation.
Newsmakers
Despite April’s Poor Equity Returns, Rising Discount Rates Improved Funded Status for Most Pensions
Last month had one of the highest single-month discount rate increases for many data collectors.