Pensions
Shell to Outsource $30B Pension to BlackRock
The OCIO transaction will cover 30,000 members of Stichting Shell Pensioenfonds.
Tag: Defined Contribution
Pensions
US Defined Contribution Plans Need to Cover More Workers, Says TIAA
The study also suggested that workers should be required to join 401(k)s and other retirement programs.
Pensions
Study: Decline in DB Plans Widens Income Inequality Gap
NCPERS research found that increasing income inequality ‘degrades national economic growth.’
Pensions
TPR ‘Evolving’ to Shift Focus to Defined Contribution Master Trusts
The pension watchdog’s CEO says a ‘radical evolution is taking place’ among U.K. pensions.
Manager Selection
Nest to Replace State Street with Northern Trust as Its Administrator
The UK pension program lauds its new investment firm’s ‘flexibility’ and ‘sophistication.’
Pensions
Alecta Reports 5.9% Q1 Return After Losing Billions on Regional Banks
The Swedish pension fund saw its assets grow to $118.68 billion.
Pensions
DC Pensions in UK Will Soon Be Required to Disclose Illiquid Asset Policy
Beginning October 1, trustees must include the asset class breakdown for each of their plan’s default arrangements.
Pensions
Alaska Bill Seeks to Revive Defined Benefit Pension
Bipartisan legislation is intended to attract workers to fill state job vacancies.
With a Recession Enroute, Should Pension Funds Be Worried?
Maybe not, data from WTW and others show. Despite some losses lately, they remain in resilient shape. Here’s how.
Asset Allocation
World’s 300 Largest Pension Funds’ Assets Rise to Record $23.6 Trillion
Japan’s GPIF remains the largest pension fund in the world for the 20th straight year.
Newsmakers
Charles Counsell to Step Down as TPR CEO
Counsell, who took the post in 2019, will leave at the end of March 2023.
The Role of Life Expectancy in Retirement Age Around the World
An increasing number of governments are pegging retirement age to life expectancy, but it comes with consequences.
Regulation
Bill Would Silence Labor Department on 401(k) Investment Guidance
The Financial Freedom Act’s sponsor says the federal government should not involve itself in investment choices for retirement plans.
Newsmakers
Proposed Dutch Pension Reform Would Phase Out DB Plans
If passed, the law would come into effect at the start of 2023, with a transition deadline of 2027.
Regulation
Labor Dept. Warns Fiduciaries About Offering Crypto in DC Plans
The Employee Benefits Security Administration said 401(k) fiduciaries should use ‘extreme care’ before adding crypto options to a plan.