Corporate pensions

Students try to solve pension problem for C$25,000 prize

DEFINED BENEFIT -

DEFINED BENEFIT -

Finance students from around the world tried to solve a Canadian corporate pension plan investment problem in a contest with a C$25,000 prize.
Callan: External money manager fees paid by asset owners hold steady in 2016

MONEY MANAGEMENT -

MONEY MANAGEMENT -

External money manager fees paid by asset owners remained steady in 2016.
PBGC single-employer, multiemployer deficits moving in opposite directions

Pension Funds -

Pension Funds -

The PBGC's single-employer insurance program's deficit improved in fiscal year 2017, while the multiemployer program's deficit worsened.
LIMRA: Corporate pension buyouts reach highest third-quarter total since 1980s

Risk Management -

Risk Management -

U.S. corporate pension plan buyouts reached $6.38 billion in the quarter ended Sept. 30, up 7.4% from the same quarter in 2016.
GE to contribute $6 billion to main pension plan in 2018

Pension Funds -

Pension Funds -

General Electric Co. plans to contribute about $6 billion to its main defined benefit plan in 2018.
PPF: U.K. corporate pension funding improves again in October

Pension Funds -

Pension Funds -

The total deficit of all U.K. corporate pension funds covered by the Pension Protection Fund's 7800 index fell 5.2% in October to £149.8 billion.
Managing pension risk: More firms make move, but targets shifting

RISK MANAGEMENT -

RISK MANAGEMENT -

More U.S. corporations than ever are offloading pension fund liabilities, and doing so more strategically.
Leggett & Platt discloses it is considering annuity buyout

Pension Funds -

Pension Funds -

Leggett & Platt Inc. might purchase a group annuity contract to transfer some U.S. pension plan liabilities.
Sears reaches deal with PBGC to end 'ring-fence' for 140 properties

PENSION FUNDS -

PENSION FUNDS -

Sears Holdings Corp. reached an agreement with the PBGC to release about 140 Sears properties from an earlier "ring-fence arrangement."
Canadian pension funds record sixth straight quarter of gains — report

PENSION FUNDS -

PENSION FUNDS -

Canadian corporate and public pension plans in the RBC Investor & Treasury Services universe returned an overall 0.4% in the third quarter.
DowDuPont completes annuity buyout for non-qualified Dow Chemical pension plan

Pension Funds -

Pension Funds -

DowDuPont purchased a group annuity contract to transfer $410 million of pension plan liabilities of the former Dow Chemical.
Public pension plans lead quarterly returns in BNY Mellon, Wilshire universes

Markets -

Markets -

Institutional investors gained about 3.3% in the third quarter, said recent data from BNY Mellon and Wilshire Associates.
S&P 500, 1500 pension funds end October 83% funded — 2 reports

Pension Funds -

Pension Funds -

The funded status for U.S. corporate pension plans remained relatively unchanged in October.
CBS Corp. transfers $800 million in pension plan liabilities in annuity buyout

Pension Funds -

Pension Funds -

CBS Corp. purchased a group annuity contract from an insurance company to transfer about $800 million in U.S. pension plan liabilities.
NCR purchases annuity to transfer $190 million in pension liabilities

Pension Funds -

Pension Funds -

NCR Corp. purchased a group annuity contract from Principal Life Insurance that will transfer about $190 million in pension obligations.