Asset Management Culture
Illinois Finalizes Move to Consolidate 650 Pensions
Gov. J.B. Pritzker signs legislation to merge hundreds of pensions to improve operational efficiencies and funding ratios
Tag: Pensions
Newsmakers
France’s Chief Pension Reform Official Resigns Amid Protests
High Commissioner for Pensions Jean-Paul Delevoye resigns after failing to publicly disclose other positions he held, which potentially lead to conflicts of interest.
Asset Management Culture
2 More Aussie Pensions Eye Merger, Forming Down Under’s Largest Fund
Sunsuper and Qsuper hold consolidation talks on creating an A$183 billion portfolio.
UK Pension Regulator’s Widespread ‘Crackdown’ on Poor Recordkeeping Practices
Pensions found in poor accordance with standard practices face fines and penalties.
UK Pension Regulator Begins Widespread ‘Crackdown’ on Poor Recordkeeping Practices
Pensions found in poor accordance with standard practices face fines and penalties.
Regulation
Rhode Island Secures Church Pension Transparency
Bill’s passage will solve reporting loophole in religious institutions.
Regulation
New Illinois Bill Would Consolidate more than 650 Police and Fire Pensions
Debates ensue over projected returns, transition costs, and throwing the fund’s impeccable funded ratio off-balance.
Risk
Sears to Contribute $407 Million to Pension Plans
Retailer will use proceeds from two loans to provide funding.
Research
Dutch Pensions Continue to Dwindle from Consolidation
The number of plans in the Netherlands has plunged 75% in 20 years.
Royal London Intermediary Pension Sales Up 64%, Demands Competition
After posting a successful H1 2017, UK pension provider Royal London wants more competition—and it’s pressing the government and regulators to open the floodgates.
UK Defined Benefit Plans’ Deficit Shrinks
Reports from Pension Protection Fund and Mercer show improved DB funding.
Automatic Enrollment Boosts UK Pension Participation
TPR report finds the overall percentage of eligible employees saving into a workplace pension increased to 78% from 55%.
FTSE 100 Firms Pay £150 Billion a Year to Pensions – And It’s Not Enough
LCP: Liabilities have risen at a faster pace than assets over the past 10 years.
Research
Canadian Pension Returns Positive Despite Negative Equity Returns
Tracking service has reported five consecutive quarters of positive results.