Fossil Fuel Investments for UK Local Government Pensions Rise 17%
Report finds UK local government pensions still invest £16.1 billion in fossil fuels.
Tag: Pension
Regulation
China to Use State Assets to Close Pension Fund Gap
Plan is part of government effort to compensate for aging population.
US Lawmakers Propose Pension Rehabilitation Administration
Treasury unit would allow pension plans to borrow money to remain solvent.
Newsmakers
UK Higher Ed Employers Propose Switching USS Fund to DC from DB
Plan spurs call for strikes at major universities, including Oxford and Cambridge.
In-Depth: What to Expect from 2018 PBGC Premiums, Mortality Rates
LDI, pension risk transfers “likely” to increase as new tables, premiums take hold, experts say.
Report: Public Pension Plans Consistently Meet Obligations
NCPERS says pensions are resilient and shouldn’t be dismantled if underfunded.
Redefining the Defined Benefit Lexicon
Willis Towers Watson paper says outdated definitions can lead to excess risk, and a skewed investment strategy.
PBGC Multiemployer Program Deficit Grows to $65.1 Billion
Single-employer program improves as deficit nearly halved to $10.9 billion.
Union Members Urged to Reject BT Pension Proposals
Communication Workers Union says a major industrial relations showdown looks inevitable.
Newsmakers
Brazil’s Three Largest Pensions Join Petrobas Lawsuit
Plans, workers look to recoup billions in “Car Wash” scandal losses.
Regulation
Kentucky Calls for Redo of TRS Pension Bill Analysis
State budget director balks at report that says proposed reform plan will cost taxpayers billions.
CalPERS Stakeholders Argue for Status Quo
Board members float four possible paths to change portfolio structure; employers worried about higher pension payments.
Asset Allocation
Malaysia’s KWAP Seeks to Raise Foreign Portfolio to 15%
Fund in early discussions with China’s Alibaba.
Research
Corporate Pensions’ Funded Level Rises $32 Billion in Two Months
Funded status of 100 largest US corporate pension plans grows to 84.7%.
CalPERS Mulls Fixed-Income Future
Proposed changes would maintain the portfolio's heavy tilt to global equities, while likely increasing investments in fixed-income.