
48 Hours of Market Turmoil Lop Nearly 6 Points off Canadian DB Funded Ratios
In the two days after the U.S. announced new tariffs, the plans lost almost their entire C$18.4 billion surplus.
In the two days after the U.S. announced new tariffs, the plans lost almost their entire C$18.4 billion surplus.
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%.
Returns for the 100 largest U.S. public plans during the month ranged from a loss of 1% to a gain of slightly more than 1%, per Milliman.
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.
The stock market rebound in November and December spurred a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman.
Interest rates and market volatility continue to pose a significant risk for many plans.
An OECD report details how rough last year was for global funds, although the U.S. was protected slightly by a strong dollar.
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.
The number of reported attacks on all British financial firms triple, with the pension sector seeing the biggest increase.