Newsmakers
French Government Greenlights Blockchain
New rules permit crypto-tech unlisted security trading, cuts out middlemen.
News Archive: Dec - 2017
Regulation
Kentucky Gov. Speculates Special Session in 2017
Worried about fiscal year budget shortfall.
CalPERS Reports 11.2% Return for Fiscal Year 2017
Portfolio gains led by public equities, which returned nearly 20%.
Mercer: Firms Must Evaluate and Adjust to the Shifting Landscape
White paper outlines key areas of focus for wealth managers in 2018.
Funded Status for Pensions Rises in November
Reports from Northern Trust, Mercer show continued improvement.
Report: DC Plan Fiduciary Awareness Continues to Decline
Nearly half of plan sponsors do not consider themselves a fiduciary.
Newsmakers
13 China Pensions will Be Unable to Pay One Year’s Worth of Pensions
2050 pensioner-to-worker ratio will be 1:1.3, official says.
Royal Mail, Union Make Headway in Pension Talks
Company changes position on wage-in-retirement plan.
Research
Milliman: Top 100 Public Pension Plans Funded Status Improves by $36 Billion in Q3
Interest, new benefit accrual boosts total pension liability to almost $5 trillion.
Newsmakers
Pennsylvania Pension Returns 3.7% in Q3
Board also approves $175 million in new commitments.
Wells Fargo: Bull Market to Extend Through 2018, but End may not Be Far
International markets to lead growth, active management to make a resurgence.
Regulation
Is the Endowment Tax a Trojan Horse?
New 1.4% tax on private colleges’ investment income could be a ‘harbinger’ for non-profit entities.
Newsmakers
MOSERS Lump-sum Buyout Could Save $90 Million
22% of former state workers take lump-sum payout, fund expects more than $2 million in first-year savings.
Survey: Fewer Expect to Rely on Employers for Financial Security
Respondents also said they prefer a better benefits package over a larger salary.
Newsmakers
Ray Dalio Speaks on Tax Migration Dilemma
Bridgewater’s observations on state finances and their respective muni bond markets to be revealed shortly.