Regulation
New Illinois Bill Would Consolidate more than 650 Police and Fire Pensions
Debates ensue over projected returns, transition costs, and throwing the fund’s impeccable funded ratio off-balance.
Tag: pensions
Risk
Sears to Contribute $407 Million to Pension Plans
Retailer will use proceeds from two loans to provide funding.
Research
Dutch Pensions Continue to Dwindle from Consolidation
The number of plans in the Netherlands has plunged 75% in 20 years.
Royal London Intermediary Pension Sales Up 64%, Demands Competition
After posting a successful H1 2017, UK pension provider Royal London wants more competition—and it’s pressing the government and regulators to open the floodgates.
UK Defined Benefit Plans’ Deficit Shrinks
Reports from Pension Protection Fund and Mercer show improved DB funding.
Automatic Enrollment Boosts UK Pension Participation
TPR report finds the overall percentage of eligible employees saving into a workplace pension increased to 78% from 55%.
FTSE 100 Firms Pay £150 Billion a Year to Pensions – And It’s Not Enough
LCP: Liabilities have risen at a faster pace than assets over the past 10 years.
Research
Canadian Pension Returns Positive Despite Negative Equity Returns
Tracking service has reported five consecutive quarters of positive results.
Report: 18% Rise in NY Pensions Over $100K
More than 50% of six-figure pensioners are from police, firefighter units, Empire Center reports.
Newsmakers
Calif. High Court to Hear Appeal Against San Diego Pension Cuts
City could be forced to create pensions for 3,000 workers if overturned.
Newsmakers
International Paper to Make $1.25 Billion Pension Contribution
The move is part of a long-term de-risking program at the company.
Research
KPMG Survey Finds ‘No End to Growth for LDI’ in UK
UK pensions have more than £900 billion of exposure to LDI.
CS: More Investor Interest in Hedge Fund Quant Strategies
In addition, Credit Suisse survey shows more than 70% of institutional investor portfolios incorporate hurdle rates and founder’s share class structures.
Review Calls for Pensions for Self-Employed Britons
The proportion of self-employed workers in the UK continues to grow.