Research
FTSE 100 Pension Plans Reach Surplus for First Time in 10 Years
Report estimates that pension plans’ funding status rose to 101% at year-end 2017.
News Archive: May - 2018
Failed Plan Members May Receive Only Fraction of PBGC Minimum
PBGC says it would only be able to pay less than one-eighth the minimum benefit.
Risk
Ireland to Establish $9.3 Billion Rainy Day Fund
The country’s sovereign wealth fund will transfer the initial €1.5bn ($1.75bn) to the plan.
Asset Allocation
Mass. Pension Fund Tops List of Private Equity Earners
CalPERS, Washington State Investment Board invest the most funds to the space.
Alcoa Contributes $500 Million to US Pension Plans
Aluminum producer used proceeds from recent debt offering to fund contribution.
Former Cliffs Natural Resources Workers to Recover 60% of Pension Loss
Settlement calls for the return of C$18 million of C$28 million shortfall.
British Court Sides with TPR to Compel Company to Bolster Pension Plan
Upper Tribunal approves regulator’s power to require parent ITV to aid failed subsidiary Box Clever’s pension.
Risk
Netherlands Metal Workers Pension Fund Pulls Investments in Coal
Fund says its producers have a grim future as society abandons the fuel as an energy source.
Regulation
NYC Comptroller Calls for Exxon Mobil Board Disclosure
Scott Stringer is urging shareholders to vote for board transparency resolution.
Regulation
Puerto Rico’s Governor, Oversight Board Find Common Ground on Economic Provisions
Sides still disagree on troubled public pension reform system.
Ohio Teachers’ Plan Nabs 20% Stake in New York Tower
Retirement system joins Allianz and Kuwait Investment Authority as Hudson Yards investors.
Report: Public Pensions Boost Government Revenues
Study finds public pensions added $137.3 billion to state and local coffers in 2016.
Risk
Canada Pension Plan Returns 11.6% in Fiscal 2018
CEO expects fund to report double-digit losses once every 10 years.
Risk
Luxembourg Pension Reserve Just Misses Its 2017 Benchmark
The small shortfall comes despite a bigger stress on risk.
Preqin: Hedge Funds Bounce Back in April
While most strategies recovered, liquid alternatives struggled for the third month in a row.