Pensions
UK Regulators Warn Pensions to Check Data After Capita Breach
TPR, FCA and ICO are urging Capita clients to find out if any of their data has been stolen.
Tag: Pension Plan
Risk
Yorkshire and Clydesdale Bank Pension Signs $2 Billion PRT Deal
The pension fund’s longevity swap agreement covers £1.6 billion in liabilities.
Regulation
UK Pension Regulator Targets Plans for Climate, ESG Non-Compliance
TPR is warning trustees they could be fined up to £50,000 if they don’t provide key ESG data.
Pensions
Canadian DB Pension Plans Lost Estimated 10.3% in 2022
The median loss was the highest reported since the 2008 financial crisis.
Asset Allocation
Public Pension Funded Status Waned as Corporate Plans Thrived in 2022
The funded ratio for the 100 largest public funds dropped to less than 73%, while corporate plans rose to 110%.
Newsmakers
BT Pension Plan Lost £11 Billion in Buildup to U.K. Bond Meltdown
Despite the steep loss, CEO Morten Nilsson says there is ‘no worsening’ in the plan’s funding position.
Risk
Florida Pension Funds Sue Barclays Over $17.6 Billion Debt Over-Issuance
The Miami pensions call the bank’s failure to prevent massive error ‘deliberately reckless.’
Newsmakers
Canadian, UK DB Plans Improve Despite Market Volatility and Inflation
Rising bond yields more than offset investment losses to reduce pension liabilities.
Risk
S&P: Single-Employer Pensions Can Strain Illinois City Budgets
Poor discipline, an inability to reform, and demographics at public safety officer pensions could hurt municipalities’ credit.
Pensions
Five CalPERS Board Members Take Sides in Election Race
Margaret Brown, a frequent critic of investment staff and the board, is up for re-election—and some of her peers are supporting her opponent.
Regulation
Multiple Employer Pension Plans May Need to Brace Themselves for Lawsuits
Consulting firm October Three says lawyers will likely set their sights on MEPs.
Pensions
US Corporate Pension Funding Nudges Higher in FY 2020
Asset returns of 13.4% offset plunging discount rates to lift funded levels to 88.4%.
CIOs to Speak on Survival of the Fittest, the K-Shaped Recovery, Private Equity, and Private Credit March 16 and 17
Register now to attend four not-to-miss panels.
Newsmakers
Supreme Court Denies Bondholders’ Claim on Puerto Rico’s Pension Plan
Investors argued that they should get some of the government contributions to the insolvent retirement program.
Newsmakers
Under New Ownership, McClatchy Could Offload $1.4 Billion Pension Assets to PBGC
The bankrupt newspaper chain’s retirement obligations propelled it into Chapter 11, but the new owner, hedge fund Chatham, will get a clean slate.