Milken: CIOs Say Divestment Isn’t the Way
To change problematic companies, institutional investors say to stay in and help restructure ESG policies.
News Archive: May - 2018
Regulation
Colorado Pension Reform Heads to Conference Committee
A number of differences in the House and Senate versions of a new bill calls for debate.
European Commission Says More Needs to Be Done to Ensure Adequate Pensions
Report cites progress made, but says more work needed on closing gender gap.
Cyberwarfare, Populism Among Top Concerns at Milken 2018
Fears of Russian information meddling, nuclear weapons proliferation rising.
Risk
China’s Third Pillar Pension System Trial Takes Flight
New program could grow to $1.5 trillion by 2025.
Regulation
Appeals Court Rules Against Just Born in Pension Dispute
Ruling says candy maker can’t block new workers from pension without penalty.
Pensions Regulator in Talks with Sainsbury’s over Asda Merger
Sainsbury CEO says proposed £7.3 billion merger ‘strengthens’ pension covenant.
Manager Selection
Ontario Teachers’ Burgess to Head Infrastructure & Natural Resources Division
April shakeup led to Burgess’ promotion and the current CIO hunt for the fund.
UK Pension Protection Fund Cap Unlawful, Says Advocate General
A final decision will now be decided on by the European Court of Justice.
UK Corporate Pension Funding Levels Nearing 100%
Consultant JLT suggests plans de-risk following monetary policy discussions, regulator warnings.
Corporate Moves
BlackRock Capital Investment CEO Michael Zugay Resigns
Chairman James Keenan named as the company’s new chief.
Risk
Canadian Pension Funds Lose 0.7% in Q1
The 334 pooled funds turn negative after record gains in 2017.
Newsmakers
Actuarial Report Prompts PennSERS Board to Lower Employer Contributions
Board approves nearly $300 million in private equity, multi-strategy investments.
Risk
Texas Public Pension Funds Return 11% in 2017
However, survey of 63 funds finds pensions performing below their 20-year target.
Regulation
Danish Pension Group Proposes 56 ‘Concrete’ Initiatives to Ease Financial Regulations
Committee is curious about more opportunities in digital regulation.