Asset Allocation
Report: UN Pension Invests in Firms Accused of Abuses
Guardian alleges UNJSPF has $1 billion in ethically questionable investments.
Tag: Pension
Risk
Danish Pension Fund ATP Loses 1% in Q1
Fund blames first negative quarter since 2015 on falling global equities.
Newsmakers
California Pension Overhaul Bills Killed
Three bills aimed at lowering state pensions costs are shot down by Senate committee.
Newsmakers
Judge Derails Kentucky Governor’s Move to Kill Attorney General’s Pension Lawsuit
Court ruling lets lawsuit go forward to stop teachers’ retirement plan overhaul.
Regulation
San Diego County Sues Pension for Not Cutting Benefits
Retirement association says enacting lower tier of benefits would be illegal.
Court Rules Pension Plan Change Did Not Violate Law
Ruling: Northern Trust’s change in payout formula not an illegal reduction in accrued benefits.
Newsmakers
Louisiana Pension System Gets Cold Feet on Creation of New Plan
Treasurer laments system’s decision, unhappy with detracting governor.
Corporate Moves
Canadian Pension Board Shakes Up Leadership
Five new executives appointed as system gets into emerging markets.
UK Report Finds £29,000 State Pension Gender Gap
Men receive an average of £153.86 a week, compared to £125.98 for women
Lack of Hedging Threatens Pensions Recent Improvements
Report says sponsors must be aware of three new kinds of risk.
Corporate Pension Contributions Total $62 Billion in 2017
The funded status of the 100 largest US defined benefit plans rises nearly 5% to 86%.
Newsmakers
Court Battle Begins over New Kentucky Pension Change
Democratic AG seeks to overturn GOP-passed measure that would move teachers into a hybrid retirement plan.
Market Moves
NYC Pensions Seek Divestment Plan Guidance
Pension funds are looking for expert advice on how to extract fossil fuels from portfolios.
Pension Reform Hurts Public Sector Competitiveness
Report says pension cuts reduce the public sector’s ability to compete for new employees.
Four Pension Funds Apply for Benefits Reductions
Spate of applications brings 2018 total to five funds seeking permission to reduce benefits.