FTSE 100 DB Plan Deficits Fall 32% in 2017
However, figure ‘masks the materially worse funding position likely to be reported.’
Tag: Pension
Newsmakers
Outraged Puerto Rico Gov. Clashes with Oversight Board, Yanks His Plan
Panel, seeking pension cuts, could unilaterally impose its own fiscal blueprint if stand-off continues.
Newsmakers
Despite Lopsided Lawmakers’ OK, NJ Pension Bill in Limbo
Bill would yank police and firefighter pensions from state management, but governor is skeptical.
Corporate Moves
Oregon Pension System Faces Leadership Vacuum
Bad timing: Top-level departures loom as showdown over financial woes nears.
UK Workplace Pension Membership Rises in 2017
The largest increase in pension take-up was seen among Millennials.
PBGC Pays Out $5.6 Billion to Retirees of Failed Plans in 2017
Total amount paid remains the same as the number of retirees rises.
Newsmakers
Chicago Public Schools Sinks $1B Deeper in Debt
Estimates cite lackluster returns, Gov.’s spending plan as causes of debt hit.
Asset Management Culture
Japan’s Government Pension Fund Changes Fee Structure
The move is aimed at providing an incentive for active managers to boost returns.
Regulation
Union Says University Pension Cut Violates Pension Benefits Act
Lawyers for striking Carleton University workers say 2003 amendment broke a provincial pension law.
FCA Proposes Pension Risk Transfer Changes
Watchdog considering banning ‘contingent charging.’
UK Proposes Resolution to Resolve UCU Pension Dispute
Proposal calls for guaranteed pension comparable with current plan.
Regulation
KY Pension Reform Unlikely in Last Days of 2018 Session
State budget bill still on track.
Risk
Connecticut Pension Funds Return More Than 16% in 2017
The state’s retirement plans and trust funds increased by $4.2 billion to $34.4 billion.
Risk
Texas Teachers’ Albright Seeks Canadian Model Adoption
Plans to supersize internal staff, cut external costs by at least $600 million.
OMERS Infrastructure Inks Deal with Leeward Renewable Energy
Fund allocated 16% of its portfolio to infrastructure.