Aviva, Phoenix Take On $2 Billion of Marks and Spencer’s Pension Liabilities
The two insurers can take on more of the UK retailer’s obligations if needed.
The two insurers can take on more of the UK retailer’s obligations if needed.
Critics express fiduciary concerns.
Decision offers some clarity, but adds confusion for pension trustees collecting overpayments.
Milliman reports a 1.7% drop in the funded ratio of US DB plans from the end of 2017.
‘CalPERS Direct’ would help largest US fund to bypass high fees.
After news leak, jurist skeptical of reductions retires early in protest.
Spokesman said cities will not be able to pay monthly contributions if returns are that low.
Fund expected to boost impact allocations over the long term.
Aggregate funded level of 5,588 pensions increased 5.6% over the past 12 months.
Eliopoulos' leave comes at a crucial time for the mega pension fund.
Church pension prepares for lower future returns, more volatility, and higher interest rates.
Tennessee fund accuses trustee of committing ‘systemic nondisclosures.’
Report finds investments focused on Asia-Pacific region have been mutually beneficial.
CIO plans to spend more time with family, fund will conduct a national search for his replacement immediately.
Report finds that more than one-third of local pensions are in critical status.