Newsmakers
Pressure Mounts on CalPERS to Ditch Fossil Fuels
One public commentator accused the pension fund of investing in ‘merchants of death.’
Tag: Pension
Newsmakers
CalSTRS Expected to Hit Full Funding Five Years Ahead of Schedule
This year’s returns were great, but the pension has been struggling with its funded level for two decades.
Asset Allocation
UK Pension Plans Lag Behind in Climate Change Plans
The availability of climate-related data can be a significant issue for trustees.
Asset Allocation
New York State Common Retirement Still Holds Boeing Stock, Despite Lawsuit
The fund, which just received a settlement as a result of the litigation, currently has $216 million invested in the aerospace company.
Risk
How Can Pensions Best Protect Against Cybersecurity Threats?
Some funds make costly mistakes when it comes to internet security.
Pensions
You Can’t Judge a Pension by Its Funded Level
A new report debunks the ‘myth’ that an 80% funded level means a plan is in good health.
Pensions
Pension Costs Could Force Milwaukee to Lay Off 24% of Workforce
However, a task force says a local tax increase could eliminate the need to reduce the number of city workers.
Pensions
Uber to Begin Rolling Out Pensions to 70,000 UK Drivers
The ride-sharing firm’s plan will be provided by NOW: Pensions and managed by Adecco.
Pensions
UK Task Force Provides Recommendations to Boost Pensions’ Voting Powers
British pensions investing in pooled funds currently have no right to vote on issues such as climate change, diversity, or pay.
Pensions
Union Threatens Strike Over Cuts at UK’s Largest Pension
The University and College Union says industrial action is now ‘inevitable.’
Alternatives
How Nashville and Davidson County Pension System Got 115% Funded
CIO Fadi BouSamra expects to add two more venture capital funds by the end of the year.
Risk
S&P: Single-Employer Pensions Can Strain Illinois City Budgets
Poor discipline, an inability to reform, and demographics at public safety officer pensions could hurt municipalities’ credit.
Pensions
Massachusetts COVID-19 Pension Bonus Bill a Boondoggle, Groups Warn
Opponents say the bill, which has no cost analysis, is too broad and would cost billions.
CIO Innovation Awards: Nominations Open Until August 12
Nominate your best asset owners and managers for this year’s 11th awards gala bash.
Opinion
Pension Funds Should Report Performance on a Monthly Basis, Markov Says
An analysis of portfolios using a returns-based lens would help some funds improve transparency, the investment researcher advises.