Swedish Pension Fund AP6 Returns 12.3% in 2017
Annual return nearly doubles earnings from previous year.
Tag: Pension
Newsmakers
Substitute Kentucky Pension Bill to Be Introduced
Attorney General reveals letter citing 21 legal violations with bill hours before meeting.
UK Pensions Could Benefit from Black Box Thinking
Report says DB plans should take best practices cues from aviation industry.
Risk
Norway’s Pension Fund Earns Record $130 Billion in 2017
The world’s largest pension fund now owns 1.4% of all shares worldwide.
UCU, UUK to Move Pension Talks to Acas
New proposals pitched in Tuesday meeting.
Court Orders Chappell to Pay £87,000 for Stonewalling TPR
Judge said the former BHS owner showed ‘complete lack of remorse.’
US Public DB Plans Boost Funded Level to 73.1% in Q4
Public pension funding improved by $60 billion during last quarter of 2017.
Alternatives
CDPQ Returned 9.3% in 2017
Canada’s second-largest pension fund manager reports five-year return of 10.2%.
Manager Selection
South Korea Pension Fund Launches CIO Search
Third-largest pension fund has been without permanent CIO since July.
Lib Dem Leader Demands UK Government Take Action on Universities Pension Strike
Universities Minister Gyimah calls on UUK, UCU ‘get back to the negotiating table, without preconditions.’
Research
Swedish Pension Fund AP4 Returns 9.1%
Fund’s capital rises nearly $3.7 billion to $43.6 billion in 2017.
UUK Releases Open Letter to College Union, Calls for Tuesday Meeting
Two-month consultation for scheme members to begin end of March.
News
WV Bill Would Criminalize Failure to Contribute to Pensions
Larceny of contributions could mean up to 10 years in prison for violators.
US Public Companies Continue to Bolster Pension Funds
Several companies announced recent and impending pension fund contributions during the month.
Newsmakers
Arizona’s Largest Pension Fund to Raise Employee Contributions
Slight hike to start at the beginning of the next fiscal year.