Market Moves
US Corporate Funding Ratios Decline Slightly in August
Corporate pension funding decreased for the first time since December 2022.
Tag: Aon
Pensions
Pension Risk Transfers Hit Highest Level Ever
Companies that sold their plan liabilities to insurers set records for dollar volume and deal numbers in the first half of 2023, per an Aon study.
Asset Allocation
Strong Equities, Dip in Liabilities Boost Pensions
July sees fourth consecutive month of improved U.S. corporate pension funding.
Risk
OCIO Assets Plummeted With Markets in 2022, but Don’t Call It a Crisis
For the top 8, including Mercer and BlackRock, last year marked an unaccustomed reversal of fortune, a study by Charles Skorina found.
Pensions
Fully Funded Status of Canadian DB Plans Keeps Rising in Q2
Positive asset returns, combined with rising bond yields, helped boost pension funds’ solvency.
Market Moves
US Corporate Pension Funded Status Improves After Equity’s Strong April
Liabilities also increased in the month, and while watching Fed rates closely, more pension plans neared full funding.
Pensions
US Pension Risk Transfer Market Hit $51.8 Billion in 2022
Higher interest rates drove a spike in transactions, Aon reports.
Pensions
Corporate Pension Funding Ratios See Slight Increase in February
Volatile equity market performance mostly offset the impact of lower liability values in February, resulting in a modest boost in corporate pension funded ratios.
Pensions
Corporate Pension Funding Posts Small Gain in January
Lower effective yields on 10- and 30-year Treasury bonds, and on corporate credit, decreased the discount rate, offsetting strong equity gains.
Pensions
Despite Steep Losses, Canadian DB Plans End Year Fully Funded
Surging bond yields offset double-digit investment losses to push funded levels above 100%.
Pensions
Barclays’ UK Retirement Fund Closes $8.1 Billion Longevity Risk Deal
The pension fund aims to hedge against any unexpected rise in life expectancies.
Manager Selection
PSERS Posts Ad for New CIO
The $75 billion pension fund is looking for its first permanent CIO since Jim Grossman resigned last year.
Newsmakers
PSERS Exploring Legal Action Stemming from Reporting Error
The 2020 fund reporting error’s revision triggered the state’s shared-risk provision, which required school districts, as plan providers, and plan participants to pay more into the system.
Pensions
U.S. Pension Funding Ratios Continue to Increase
Better equity performance and higher interest rates in October contribute to pensions nearing full funding.
Investment Consultants Reevaluate Priorities as Several Long-Tenured, Top Names Change Firms
COVID, growing shift to OCIO and other factors fueled ’Great Resignation.’