A new report projects endowment assets will grow 7.9% over the next five years, compared with 4.7% and 4.2%, respectively, for public and corporate defined benefit plans.
Participants had filed an administrative complaint alleging the company renounced its obligation to pay their benefits.
The aggregate funding ratio for the more than 5,000 British pension plans remained unchanged at 149.4%.
The $184 billion pension giant is asking its portfolio companies to improve their climate-change risk management.
Private and public sector plans returned 8.4% in the final quarter, according to RBC Investor Services.
Interest rates and market volatility continue to pose a significant risk for many plans.
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
Oliver Morley will become CEO of the U.K.’s Money and Pensions Service.
Beginning October 1, trustees must include the asset class breakdown for each of their plan’s default arrangements.
The $31 billion pension fund has also issued an RFP for a custodial services provider.
Positive asset returns, combined with rising bond yields, helped boost pension funds’ solvency.
The Pensions Regulator and the Financial Conduct Authority aim to prepare LDI investors for future volatility.