Pennsylvania Withholds City’s Aid over Investment Firm Hiring
Auditor general says the process to replace the investment manager was 'fatally flawed.'
Tag: Pension
Newsmakers
New Connecticut Study Group Aims to Solve Pension Mess
Commission will study state’s fiscal situation in an attempt to boost the state-worker retirement system’s low 41% funding level.
Millennials Biggest Beneficiaries of Pension Protection Act
Survey says millennials will have more retirement income than boomers, Gen X.
S&P 500 Pension Funding Increases Nearly 5% in 2017
Funded ratio for S&P 500 defined benefit plans rises to 85.8%.
Newsmakers
Putin Says He Doesn’t Like Pension Overhaul Plan
Russian president voices doubt about controversial proposal to raise retirement ages.
CalSTRS Returns 9% for Fiscal Year
Private equity is system’s best-performing asset class at 13.8%.
Newsmakers
RI Treasurer Calls for Church Pension Transparency
Seth Magaziner says religious funds should have to abide by ERISA rules.
Newsmakers
Russia’s Lower House Approves Pension Age Hike
Putin’s silence leads to heavy criticism, harking back to his earlier pledge to not raise the eligibility level.
FTSE 350 Pension Gap Shrinks by £43 Billion in H1
Aggregate deficit falls to £29 billion at the end of May.
British Airways Wins Lawsuit over Pension Trustees
Court of Appeals overturns High Court ruling in favor of trustees making discretionary increases.
Russell Investments Is Managing Nestlé’s Dutch Pension Fund
Asset manager takes over from the food and beverage maker’s in-house investment operation.
Britain’s Public Equity Boosts Pension Protection Fund’s Ratio
Benefits lifeboat took on highest total obligations in Carillion, Toys R Us, and Hoover liabilities.
Opinion
What Would LDI Look Like for Public Pensions?
Although it might look controversial, a split portfolio may be strong option to meet a fund’s short-term cash needs as well as maximize long-term wealth.
Aon: Complacency Biggest Risk for Canadian Pensions
Although most plans are now fully funded, solvency gains can vanish quickly, firm says.
CalPERS Earns 8.6% for Latest Fiscal Year
Pension results were just under its custom benchmark, missing the mark by six basis points.