Risk
Romania’s Mandatory Private Pension Becomes Optional
Labor minister says everyone should have a choice concerning Pillar II.
Tag: Pension
Regulation
Rhode Island Supreme Court Upholds Pension Cuts
Court rules that suspension of cost-of-living adjustments was ‘fair.’
Newsmakers
UK Pension Watchdog Head to Step Down in February
Chief executive had faced criticism from parliamentary committees of her handling of BHS and Carillion crises.
Corporate Moves
Exclusive: New Connecticut CIO Leaves after 10 Days
Sean Crawford, former CIO of New York’s MTA, has ‘departed’ the fund.
Regulation
Ireland Launches Public Consultation on State Pension
Government seeks advice in helping design new Total Contributions Approach.
McKesson to Close Long-Frozen US DB Plan
Company is planning $55 million contribution to its worldwide pension plans in fiscal 2019.
Most UK Pensions Taking Steps to Manage Climate Risk
However, some funds are ‘worryingly complacent’ says Parliamentary committee.
US Retirement Systems ‘More Vulnerable Than Ever’
Report says New Jersey, Colorado pensions risk insolvency without intervention.
Newsmakers
CIO Scott Evans to Leave NYC Pensions at Fiscal Year-End
Evans is the third CIO to resign from a NY pension this month.
US Single Premium Pension Buyout Sales Hit $1.38 Billion in Q1
Sales fall sharply from $11.1 billion in previous quarter.
Asset Allocation
Mass. Pension Fund Tops List of Private Equity Earners
CalPERS, Washington State Investment Board invest the most funds to the space.
Alcoa Contributes $500 Million to US Pension Plans
Aluminum producer used proceeds from recent debt offering to fund contribution.
Former Cliffs Natural Resources Workers to Recover 60% of Pension Loss
Settlement calls for the return of C$18 million of C$28 million shortfall.
British Court Sides with TPR to Compel Company to Bolster Pension Plan
Upper Tribunal approves regulator’s power to require parent ITV to aid failed subsidiary Box Clever’s pension.
Risk
Netherlands Metal Workers Pension Fund Pulls Investments in Coal
Fund says its producers have a grim future as society abandons the fuel as an energy source.