Virginia Will Lower Assume Rate of Return for Its Retirement Fund
The state’s system will make changes to asset allocations and benchmarks, too.
News Archive: Oct - 2019
Regulation
Kentucky Retirement System’s Strategy to Get Legal Victory Against Agency
State Supreme Court opinion says Seven Counties owes KRS contributions.
Risk
Baxter De-Risks $2.4 Billion in Pension Liabilities
Annuity contract with Prudential to transfer benefits for 17,200 members.
Risk
Boston Pension Fund Sues Chemours Over Environmental Liabilities
Lawsuit claims firm misled investors about ‘massive’ liabilities as stock lost half its value.
Uh-Oh, High-Yield Bond Downgrades Expand
Ratio to upgrades doubles, Moody’s says, due to sales dip.
Limiting vs. Eliminating Pension Risks
Defined benefit plan sponsors should consider multiple de-risking Strategies.
UK Pension Regulator Begins Widespread ‘Crackdown’ on Poor Recordkeeping Practices
Pensions found in poor accordance with standard practices face fines and penalties.
Asset Management Culture
Collaborating with Solovis to transform data and processes, the university expects to save $2 million annually over 10 years with more agile platform.
Case Study: Seeking More Agility, University of California Redesigns Fintech Platform
Collaborating with Solovis to transform data and processes, the university expects to save $2 million annually over 10 years with more agile platform.
Asset Allocation
Norway’s Largest Pension Fund Divests from Oil Sands
KLP excludes firms such as ExxonMobil’s Imperial Oil from $81 billion portfolio.
Asset Management Culture
DeVry Settles Securities Lawsuit with Utah State Pension
School allegedly lied about its work placement rates for graduates.
Rising Rates Boosts Corporate Pension Funded Status by $38 billion
The funded ratio of the 100 largest US corporate pensions rises to 85.4%.
Asset Allocation
Alaska Contemplates Market Trends for Next Asset Allocation Strategy
CIO Marcus Frampton discusses the implications of each asset class while preparing for a new strategic asset allocation.
Research
The S&P 500 Keeps Singing the Sour Earnings Song
After two small drops in 2019’s first two quarters, CFRA sees a 4.2% net income dive for the third period.
Asset Allocation
Majority of Companies Not in Line with Paris Agreement Goals
Only 9% of 161 companies on Climate Action 100+ watch list meet minimum climate change requirements.
Regulation
Leading Democrats Press Private Equity Leaders over Controversial Private Prison Operation
Scrutiny of five PE firms’ involvement in private prisons begins with an information request.