UK Annuity Sales Tumble Further
Sharp decline continues two years after new rules allow withdrawals without annuities.
News Archive: Sep - 2017
Research
NEPC: Emerging Markets Boost Global Equities in August
MSCI EM Index currently at 28.3% returns in 2017.
Northern Trust’s McDonald: Outlook Remains Positive
Continued strength from the equities market may be the most consistent return-driver allocators can hope for.
Research
Mercer: S&P 1500-Sponsored Company Pensions Down 1% in August
S&P 500 up 0.05%, while MSCI EAFE down 0.31%.
Research
Ontario Teachers Fund Returns 3.7% in First Half of 2017
Net assets reach C$180.5 billion on C$6.4 billion of income.
CalPERS to Outsource Private Equity Assets to BlackRock
Discussions in preliminary stage, source says.
Newsmakers
Romanian Prime Minister Suggests Making Private Pension Plan Optional
Government could change gears on recent pension considerations.
Research
Commodities Rocket Louisiana Teachers to 15.93% Fiscal Return
Asset obliterates -6.5% benchmark with 28.79% performance.
Royal Mail Workers May Strike Over Pension
Union ballots more than 100,000 workers, recommending they endorse industrial action.
Robots, AI Could Lead to Longer Retirements
Report says gains from modernization should be used to halt rising pension ages.
Newsmakers
British Airways Announces Proposals to Close NAPS Pension
Closure would protect existing benefits, but unions express “dismay and bitter disappointment.”
Corporate Moves
Norges Bank Real Estate Management Names New CIOs
Per Løken and Romain Veber to oversee the US and Europe, respectively.
AWE Employees Agree to Settle Pension Dispute
Workers end industrial action for what union calls ‘best possible deal available.’
Newsmakers
Baltimore Council Votes Unanimously to End “Double-Dipping” Policy
New bill will take effect next month.
Ascension Health to Guarantee $29.5 Million in Pensions Following “Church Plan” Lawsuit
Payments will come from Ascension if the Wheaton Franciscan plan can’t cover them.