Standard Life PLC, Edinburgh, is freezing its U.K. defined benefit plan in April 2016 to mitigate risk and increasing costs associated with running the pension fund in the future.
September 09, 2014 | 02:27 pm
The funded status of the 100 largest U.S. corporate pension plans fell to 84% in August, down from 84.8% in July, said the latest Milliman 100 Pension Funding index.
September 08, 2014 | 04:29 pm
Funding ratios of U.S. corporate pension plans fell in August due to a drop in the discount rate, two new reports show.
September 04, 2014 | 02:39 pm
While the 15-year trend of Fortune 500 companies moving away from defined benefit plans is continuing, the rate of transition is slowing down and the retirement plan landscape is stabilizing, said a...
September 04, 2014 | 09:00 am
The pension liabilities of companies in or near bankruptcy deserve closer attention, said a special report issued Wednesday by Fitch Ratings.
September 03, 2014 | 04:04 pm
The aggregate funding ratio for U.S. corporate defined benefit plans fell to 85.5% in August, down from 86.1% the previous month, said a monthly report from Wilshire Consulting.
September 03, 2014 | 03:44 pm
While the Employee Retirement Income Security Act of 1974 benefited millions of people, it did not live up to the “retirement income security” part of its name. Along with praise for what ...
September 01, 2014
The Brink's Co., Richmond, Va., announced on Friday it has offered certain former employees who are vested in its U.S. defined benefit plan the option to accept a lump sum.
August 29, 2014 | 04:16 pm
South Korea's government said it plans to ease rules on pension fund management and force all companies to enroll employees in private retirement plans by 2022 as it bids to improve incomes among...
August 27, 2014 | 01:47 pm
The trustees of the Interserve Pension Scheme, Reading, England, have agreed to a buy-in with Aviva PLC to cover £300 million ($497.8 million) of pension liabilities, said a spokesman for the...
August 22, 2014 | 01:37 pm
Financial services companies have the best funded defined benefit plans compared to other business sectors, said a report from BNY Mellon's investment strategy and solutions group.
August 21, 2014 | 03:17 pm
The trustees of the PGL Pension Scheme, Birmingham, England, hedged the longevity risk of £900 million ($1.5 billion) of liabilities with Phoenix Life.
August 21, 2014 | 12:28 pm
Vestey Group has conducted a £280 million ($464.4 million) bulk annuity deal with Rothesay Life for its pension fund, Western United Group Pension Scheme, London, said Ben Fowler, group head of ...
August 21, 2014 | 12:25 pm
An SEC administrative law judge ruled Wednesday that institutional timber manager Timbervest LLC violated terms of the Investment Advisers Act of 1940.
August 20, 2014 | 04:18 pm
Participants in the Lehman Brothers pension fund in the U.K. will receive their full retirement benefits, after an agreement to pay £184 million ($307.2 million) to fund a buyout was reached...