UK Automatic Enrollment Surpasses 8 Million Mark
Every week, tens of thousands are joining workplace pensions through automatic enrollment.
Tag: Pensions
Corporate Pensions Slip 0.4% in June
Funded ratio is still up 7.6% YTD, according to Wilshire.
Newsmakers
World’s Largest Pension Fund Selects Three ESG Indices for $9 Billion Investments
Japan’s Government Pension Investment Fund looks to set a global example.
Newsmakers
Jamaica Senate Debates Pension Reform Bills
Reform aimed at making pension system more affordable and sustainable.
Newsmakers
General Mills to Freeze Defined Benefit Pension Plans by End of 2027
No 401(k) changes to be made.
Conservatives, DUP Agree to Keep Pension Triple Lock
Despite promises by the UK’s Conservative Party to eliminate it, there will be no change.
TPR Settles Third Pension Case with Coats Group
Regulator has recovered a total of £329 million for nearly 31,000 Coats employees.
Newsmakers
UPS Freezes Defined Benefit Pension Plan
The company is shifting its employees to a 401(k)-style plan.
Newsmakers
Euro Commission Set to Introduce Pan-EU Pension Product in 2019
EC unveils plans for a cross-border pension system in new proposals.
State Pensions’ Struggles to Meet Obligations Mount
Latest data shows funding ratios drop below 70% since 2010, posting two consecutive years of 4% losses.
New Research Shows 2014 Unfunded Pension Liabilities Hit 150% Spike
Despite contribution increases, most plans experienced negative amortization over the past decade.
UK Pension Funding Gap Widens
Aon Hewitt report shows that funding for the top 5% of pensions plans has risen, while funding for the bottom 5% has fallen.
Santa Monica Agrees to Fund CalPERS $45 Million
City council significantly boosts annual payment from $1.3 million to pay down unfunded liability.
Newsmakers
Report: Pensions Use Accounting Tricks to Keep Up Appearances
NC State report finds “unscrupulous accounting” practices widespread among state pension plans.
Newsmakers
Pennsylvania Pension Reform Bill Becomes Law
The hybrid pension plan known as Senate Bill 1 was made official, but what does it mean for new and current workers?