ICI Pension Fund, London, completed a buy-in transaction with Scottish Widows covering £630 million ($898 million) in pension liabilities.
June 14, 2016 | 11:54 am
Aaron Hill was named director-trust investments at American Electric Power Co., Columbus, Ohio, said Jim Brown Jr., investment specialist, in an e-mail.
June 09, 2016 | 04:01 pm
NISA Investment Advisors' Pension Surplus Risk index fell 30 basis points in May to 8.8%, mainly due to a drop in return-seeking asset volatility.
June 08, 2016 | 12:08 pm
Holy Cross Hospital and Sinai Health Systems, Chicago, are being sued by participants of a terminated defined benefit plan who are challenging its church-plan status.
June 07, 2016 | 03:45 pm
The funded status for U.S. corporate pension plans remained relatively unchanged in May, said reports from Mercer, Wilshire Consulting and Legal & General Investment Management America.
June 03, 2016 | 03:09 pm
Ten-year U.K. gilts hit a multiyear low with yields barely above 1.25%.
June 03, 2016 | 04:27 pm
At least half the states are implementing or considering retirement savings options for private-sector workers without access to them through their employers, a report released Wednesday by The Pew...
June 01, 2016 | 04:00 pm
U.S. corporate pension plan buyouts reached $1.1 billion in the first quarter of 2016, said a LIMRA Secure Retirement Institute sales survey.
June 01, 2016 | 12:24 pm
The total deficit of all corporate defined benefit funds in the U.K. increased 5.4% in May, to a record £310 billion ($453.7 billion) and by 21.6% for the year ended May 31, said JLT Employee...
June 01, 2016 | 12:19 pm
As Internal Revenue Service officials grapple with how to prevent employers from providing lopsided retirement benefits that discriminate in favor of higher-paid employees, plan sponsor advocates are ...
May 30, 2016
An appeals court handed a victory to several Liberty Mutual Insurance Co. employees, ruling they could pursue claims against the insurer for denying them past service credits under its retirement plan.
May 26, 2016 | 06:01 pm
The Supreme Court gave a class of Verizon Communications Inc. retirees another chance to challenge a pension buyout annuity deal Monday when it vacated a lower court decision and ordered the 5th U.S. ...
May 23, 2016 | 04:05 pm
Aon Retirement Plan, Surrey, England, completed a £900 million ($1.3 billion) pension buy-in with Pension Insurance Corp., covering the majority of liabilities across two sections of the hybrid ...
May 12, 2016 | 12:17 pm
The total deficit of U.K. corporate pension funds covered by the Pension Protection Fund's 7800 index fell 10.6% over the month ended April 30, but increased 17.1% for the year to that date, to...
May 10, 2016 | 10:17 am
The aggregate funding ratio of corporate pension plans declined in April, primarily due to falling discount rates, said reports from Milliman and Aon Hewitt.