Corporate pensions

Canadian pension funds post 4.2% gain in third quarter

Canadian pension funds post 4.2% gain in third quarter

Canadian corporate and public pension plans returned an overall 4.2% in the third quarter with global and domestic equity investments continuing to drive gains, said RBC Investor & Treasury Services' ...

November 03, 2016 | 11:45 am
Wilshire TUCS: Foundations, endowments top returns in best quarter since 2014

Wilshire TUCS: Foundations, endowments top returns in best quarter since 2014

Plans in the Wilshire Trust Universe Comparison Service returned a median 3.19% in the third quarter, up from 1.89% in the second quarter.

November 02, 2016 | 02:19 pm
Time Warner makes lump-sum offer to certain former employees

Time Warner makes lump-sum offer to certain former employees

Time Warner Inc., New York, offered a lump-sum window to some participants in its U.S. pension plan, the company said in its 10-Q filing with the Securities and Exchange Commission on Wednesday.

November 02, 2016 | 03:00 pm

Ernst & Young taps new CIO

Walter Kress was named chief investment officer for the defined benefit and defined contribution plans of Ernst & Young LLP.

November 01, 2016 | 04:37 pm
57% of FTSE 350 pension funds pay out more than they take in — Hymans Robertson

57% of FTSE 350 pension funds pay out more than they take in — Hymans Robertson

More than half of defined benefit funds sponsored by FTSE 350 companies are now cash flow negative, shows new research.

November 01, 2016 | 12:06 pm
Risk-transfer activity for U.K. sees major increase in quarter

Risk-transfer activity for U.K. sees major increase in quarter

Pension risk transfer transactions started picking up in the third quarter in the United Kingdom after a slow start to the year, as favorable exchange rates enticed non-U.K. plan sponsors to take...

October 31, 2016

Research shows FTSE 350 companies lack sufficient pension fund disclosures

FTSE 350 companies are not providing sufficient information in their financial statements to allow investors, pension fund participants and employees to properly understand defined benefit risks run...

October 31, 2016 | 01:17 pm
Phillips 66 fills up pension funds with $317 million contribution

Phillips 66 fills up pension funds with $317 million contribution

Phillips 66 contributed $317 million total to its defined benefit plans in the third quarter.

October 28, 2016 | 02:26 pm

Smiths Group enters into buy-in with PIC for U.K. pension fund

Smiths Industries Pension Scheme, London, entered into a £254 million ($309.5 million) buy-in with Pension Insurance Corp.

October 28, 2016 | 01:50 pm

International Paper pays out $1.2 billion in lump-sum payments to former employees

International Paper Co. made about $1.2 billion in lump-sum payments to former employees to whom the company made an offer in the spring.

October 27, 2016 | 01:51 pm
Boise Cascade completes lump-sum payment to active and former employees

Boise Cascade completes lump-sum payment to active and former employees

Boise Cascade Co., Boise, Idaho, offered lump sums to active employees, as well as former employees vested in its defined benefit plan, the company announced in its 10-Q filing on Wednesday.

October 27, 2016 | 12:20 pm
Lear Corp. offers lump sum to some former employees

Lear Corp. offers lump sum to some former employees

Lear Corp. is offering a lump-sum window to certain former employees in its U.S. defined benefit plan, the company announced Wednesday.

October 27, 2016 | 12:35 pm

Aon Hewitt warns about out-of-date pricing on longevity swaps

U.K. pension plans should delay longevity swap transactions until pricing corrects, due to dislocations caused by mortality expectations, warns Aon Hewitt.

October 27, 2016 | 11:24 am
British Airways agrees to contribute £300 million a year through 2027 to pension fund

British Airways agrees to contribute £300 million a year through 2027 to pension fund

The sponsoring employer of the British Airways New Airways Pension Scheme has agreed in principle to pay contributions of £300 million ($365.5 million) per year until 2027.

October 27, 2016 | 11:14 am
Lloyds reports pension fund deficit after surplus in previous quarter

Lloyds reports pension fund deficit after surplus in previous quarter

Lloyds Banking Group PLC’s defined benefit plans recorded collectively a deficit of £740 million ($959 million) as of Sept. 30, down from a net surplus of £430 million as of June 30 ...

October 26, 2016 | 01:02 pm