Church of England Pension Returns 9.4% in 2017
Audit finds ‘significant level of long-term debt liabilities.’
Audit finds ‘significant level of long-term debt liabilities.’
Private equity is system’s best-performing asset class at 13.8%.
Pension results were just under its custom benchmark, missing the mark by six basis points.
Preliminary fiscal-year returns add $6.8 billion to fund.
Japan’s Government Pension Investment Fund fails to beat its 2014 return record after fourth-quarter stock and treasury slump.
Strong returns and new legislation help raise funded status to 61% from 58%.
CEO expects fund to report double-digit losses once every 10 years.
The small shortfall comes despite a bigger stress on risk.
Church pension prepares for lower future returns, more volatility, and higher interest rates.
The 334 pooled funds turn negative after record gains in 2017.
However, survey of 63 funds finds pensions performing below their 20-year target.
Negative returns triggered by increasing uncertainty as well as volatility in global equities markets.
C$189.5 billion plan reports being fully funded for fifth straight year.
The state’s retirement plans and trust funds increased by $4.2 billion to $34.4 billion.