Federal Lawmakers Debate on Union Pension Crisis Fix
Some call for loans, others call for widespread reform for insolvent multiemployer pension catastrophe.
News Archive: Jul - 2019
Newsmakers
Dutch Pension Plans to Merge, Creating a $23.4 Billion Fund
Push to join two public transit retirement programs fell through in 2016, but SPF recently restarted discussions.
Market Moves
Uh, Maybe Cutting Interest Rates Is Not a Good Idea
So says UBS’s chief, as the Fed, the ECB, and other central banks eye easing.
Newsmakers
First State Super, Vic Super to Merge
Combined Australian mega-fund expected to take shape by June 2020.
Newsmakers
Sonoco Terminates US Defined Benefit Pension Plan
Firm contributed $190 million to plan to boost funded level to 97%.
US Corporate Pension Funding Rebounds from May Drubbing
The funded status of the 100 largest corporate DB plans edged higher to 88% in June.
Research
Canadian DB Plans Flat in Q2 Despite Strong Returns
Falling bond yields prove too much for robust asset gains.
Asset Allocation
Texas Teachers to Shake Up Strategic Asset Allocation
Fund aims to protect against equity risks.
Newsmakers
Kentucky House Narrowly Approves Gov.’s Pension Bill
Proposal is expected to pass in the Senate Wednesday.
Newsmakers
CIO Innovation Awards: 2 Weeks To Nominate
Nominations for this year's 10th annual bash close August 3.
Research
Ontario Teachers’ Pension Releases Inaugural Climate Report
Fund details how it works climate risk into investing its nearly $150 billion in assets.
UK Supreme Court Pension Ruling to Apply to All Public Sector Plans
Government estimates rectifying age discrimination will add approximately £4 billion per year to plan liabilities from 2015.
Newsmakers
New Maryland Law Requires State Pension to Reveal All Fees
Unreported carried interest accounted for as much as 35% of state pension’s total fees in 2018.
Newsmakers
CalPERS Strikes Gold in Gatwick Airport Investment
Initial $155 million investment nine years ago now worth more than $1.24 billion.
Corporate Moves
Bryan Lewis, Pennsylvania SERS’s CIO, Is Leaving
Deputy CIO James Nolan recommended to serve in interim by investment committee.