Newsmakers
MOSERS Lump-sum Buyout Could Save $90 Million
22% of former state workers take lump-sum payout, fund expects more than $2 million in first-year savings.
Tag: Pension
Survey: Fewer Expect to Rely on Employers for Financial Security
Respondents also said they prefer a better benefits package over a larger salary.
MillerCoors Purchases Group Annuity Contract
Company to transfer $900 million in pension obligations to Athene Annuity and Life.
Research
Corporate Pensions’ Funded Ratio Rises for Third Straight Month
Funded status up nearly 5% from November 2016.
FCA Accuses Four Asset Managers of Breaking Law
Statement of objections initiates regulator’s first enforcement case.
FirstGroup First Private Firm to Consolidate Pensions under LGPS
Move will bring three funds under control of one administrating authority.
New Jersey’s Public Pension Hits Highest Value Since 2015
Gov.-elect Murphy hopes to meet or beat Gov. Christie’s state contribution plans.
Regulation
Brazil’s Pension Reform Vote Moves to Dec. 15
Bill will be more difficult to pass if pushed back to 2018, Congress says.
Report: Millennials will have Similar Pensions to Current Retirees
Data shows retirement prospects for today’s workers not are ‘not the disaster’ other reports suggest.
Asset Management Culture
In-Depth: Michelle Cunningham and the Evolution of Institutional Investing
CalSTRS retiring deputy CIO recounts significant changes in the investment management industry during her career.
UK University Employees to Vote on Strike over Pension Changes
Union calls for strike over proposal to move participants into defined contribution plans.
Regulation
More Trials Ahead for North Carolina Pension Fund
Despite fee slashes, fund is not yet out of the water.
Survey Shows Geopolitical Risk Tops Pension, Asset Managers’ Concerns
Institutional investors are split over how much risk central banks present.
Regulation
Softer Pension Proposal Leads to Brazilian Stock Slip
Reductions to plan made to ensure December Congressional vote.
In-Depth: What Hath Roth Wrought?
The forced ‘Rothification’ of defined contribution plans would be a disaster, say industry experts.