UK Pension Consolidation, Climate Change: Main Trends over Next 5 Years
Survey finds pension industry executives believe combating global warming takes preference over generating high returns.
Pensions
Canadian Diversified Pool Funds Return 4.4% in Q3
Robust quarterly returns were not enough to overcome falling interest rates as solvency ratio drops from beginning of year.
Pennsylvania PSERS Freezes Apollo Global Investments over Epstein Ties
State teachers’ pension fund has more than $900 million invested with Apollo.
Conservative Think Tank Calls for NYC Pension Reform
Manhattan Institute recommends moving to defined contribution plans and consolidating funds.
Chicago Pension President Decries Board’s Culture of Racism, Sexism
Jeffery Blackwell says he has ‘been on the receiving end of sabotage, intimidation, and racist comments’ from colleagues.
Australia’s IFM Investors Targets Net Zero Goal by 2050
The $114.6 billion fund joins a growing list of pensions and endowments aligning with the Paris Agreement target.
New York Times Makes $235 Million Pension Risk Transfer to MassMutual
About 1,850 affected retirees will continue to receive payments from the life insurer.
Pennsylvania PSERS Returns 1.13% in 2020
Net position of teachers’ fund drops by $105 million as benefit payments exceed contributions.
Pennsylvania SERS Loses 4.6% in First Half of 2020
Stress test finds capital preservation plan effective at providing security during market downturn.
CPPIB Continues to Bulk Up on Renewable Energy
Canadian pension giant invests twice as much in renewable energy in 2020 as it did in 2019.
Texas Employees CIO Tom Tull to Retire
He built out alternatives at the $29 billion retirement system soon after joining.
CPPIB Commits $300 Million to Join IT Firm Buyout Deal
The Canadian pension fund would hold a 24% stake in tech consultant Virtusa after the transaction closes.
Actuarial Projections: Virus Might Cause ‘Meaningful’ Increase in Death Rate for Elderly
An extra 300,000 fatalities for seniors could raise the figure to 4.7% by year’s end.
Virginia Pension Fund Returns 1.4% in 2020
Despite weak gains, $81.6 billion trust fund outperforms benchmark during fiscal year.
Investment Chiefs Leave Kentucky Retirement Systems for Consulting Firm
The struggling pension system will search for replacements after Rich Robben, Andy Kiehl depart at the end of September.