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.
Tag: Pension Plans
Pensions
New Jersey Police, Fire Pension Seeks CIO, Plans to ‘Dramatically’ Expand Staff
The $31 billion pension fund has also issued an RFP for a custodial services provider.
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.
Manager Selection
MetLife CIO Steven Goulart to Retire in August
The firm has a mandatory age-65 retirement policy, although it has been waived in the past; several corresponding promotions were also announced.
Regulation
British Regulators Issue LDI Guidance So ‘Necessary Lessons Are Learned’
The Pensions Regulator and the Financial Conduct Authority aim to prepare LDI investors for future volatility.
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.
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%.
Pensions
What Do Pension Funds Worry Over Most?
NEPC survey says they are leery of rising interest rates, the Fed’s ability to handle inflation and profit margins.
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.
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.