Newsmakers
Kentucky Supreme Court Pension Hearing to Air on State Television
In the second televised high-court case, opponents A.G. Beshear and Gov. Bevin will testify.
News Archive: Sep - 2018
Newsmakers
Struggling Cincinnati Pension Plan Applies for Benefits Reduction
Laborers Local No. 265 is seeking a flat reduction of 40% of benefits.
Global, US Economies Should Be Fine Through 2019, Bank Says
Growth is expected to slow next year, though, according to BNP Paribas.
PRI Leader Calls on Institutional Investors to Take Climate Change Action
Fiona Reynolds warns that government action will occur if institutional investors don’t ramp up climate change investment initiatives.
Newsmakers
CIO Announces Innovation Awards Finalists for Dec. 13 Gala
Ninth annual Innovation Awards nominees list was honed by asset owners and consultants representing $1.8 trillion in assets under management.
Newsmakers
Connecticut Study Group Eyes Possible Ways to Plug State’s Pension Gap
Officials point to state lotto, real estate, and benefits changes to help decrease the $127.8 billion shortfall.
Another Economic Plus Sign: Small Business Capital Spending
National Federation of Independent Business survey shows smaller companies are laying out more.
Two UK Superfund Heads Quit on Cusp of First Deal
Alan Rubenstein and Marc Hommel have exited the fledgling DB consolidation, and one of its two capital backers has pulled out as well.
S&P 1500 Pension Funded Status Treads Water in August
Rising equities were offset by a falling discount rate during the month.
Newsmakers
Greece’s Pension Cuts, Tax Hikes Are Now Unnecessary, Says PM
Alexis Tsipras’ post-bailout plans will depend on the European Commission’s approval once it gets Greece’s economic projections.
Newsmakers
Norges Bank Gets Stricter on Ocean Sustainability Policies
The world’s largest sovereign wealth fund will base its ocean policies on international standards.
High Wage Growth Means Fed Will Stay on Rate-Hike Course
When the market has been good before the ninth month, its poor rep doesn’t matter.
UK Investors Expect Pensions to Avoid Fossil Fuels
Survey finds investors willing to leave funds that invest in fossil fuel projects.
Newsmakers
Putin’s Pension Amendments Reach State Duma
Reforms must be approved in next two readings and upper house before president can make them law.
UK Workplace Pension Membership Hits New High
Active membership of DC plans rise, as membership in DB plans falls.