Newsmakers
Fidelity, State Street Offer Retirement Plans With Income Streams
The SECURE Act has lifted barriers and made it easier for firms to offer annuities in retirement plans.
News Archive: Dec - 2021
Risk
US Pension Buyout Sales More Than Triple in Q3 to $15.8 Billion
The pension risk transfer market is poised for a record-breaking year in 2021.
Newsmakers
Boston to Divest From Fossil Fuels, Tobacco, Private Prisons
The city’s mayor signed a bill to eliminate the controversial investments by 2025.
Newsmakers
Institutional Investors Launch ‘ESG Book’ to Standardize Sustainable Data
Their goal is to make sustainability data more widely available and comparable.
Newsmakers
DOL Restores More Than $2.4 Billion to Plans, Plan Participants
Investigations led to over 16,000 defined benefit plan participants collecting more than $1.5 billion in owed benefits in fiscal 2021.
Risk
Pension Fund Sues Peloton Over Alleged False Statements
The lawsuit claims the fitness company and its executives lied about the prospects of post-COVID growth.
Newsmakers
Florida Pensions Agree to Settle Perrigo Lawsuit for $31.9 Million
The complaint centered on a $1.9 billion Irish tax bill incurred by the pharmaceutical company.
Newsmakers
Connecticut Reins in Public Pension Costs
The state general assembly forecasts $290 million in pension cost cuts by 2026 thanks to a volatility cap excess.
Regulation
UK Government Considering Relaxing Fee Cap on AUM
If the change goes through, plans will have more freedom to invest in lucrative private equity and venture capital.
Regulation
Crypto Promoter Charged With Scamming Investors Out of Millions
The SEC alleges Ryan Ginster promised ‘astronomical’ returns of 8% per day.
Newsmakers
Exclusive: CIO Mansco Perry of Minnesota Is Retiring
The chief investment officer nearly doubled the state pension’s AUM to $130 billion in under 10 years.
Asset Allocation
Twitter Is Buzzing About This CalSTRS Stock Move
The pension fund increased its shares of AMC stock by 24% in Q3.
Newsmakers
Massachusetts PRIM Proposes $1 Billion Investment to Boost Diversity in Managers
The pension fund’s board will vote Dec. 2 on whether to approve the recommendation from its investment committee.