U.S. corporate pension plans' funded status remained relatively unchanged in August, said reports from Mercer, Aon Hewitt and Milliman.
September 08, 2016 | 03:09 pm
The Pension Benefit Guaranty Corp. will take over the defined benefit plan of Vertellus Specialties Inc., a specialty chemical manufacturer based in Indianapolis.
September 06, 2016 | 05:02 pm
The good times have well and truly stopped rolling for the world's largest retirement funds, despite all-time highs across global stock markets, analysis of data from the annual survey conducted by...
September 05, 2016
The deficit of FTSE 350 company defined benefit funds increased 36% in August and more than doubled over the year ended Aug. 31, increasing 158.9% to £189 billion ($251 billion), said Mercer.
September 05, 2016 | 10:18 am
The funding ratios of U.S. corporate pension plans remained relatively unchanged during the month of August, said reports from Legal & General Investment Management America and Wilshire Consulting.
September 02, 2016 | 02:15 pm
HP Inc. announced in a 10-Q filing with the Securities and Exchange Commission that about 17,000 participants in its U.S. defined benefit plan accepted a lump-sum offer.
September 02, 2016 | 03:37 pm
Marks and Spencer PLC will freeze its U.K. defined benefit fund in April 2017, with members offered the option to enroll in its defined contribution plan.
September 02, 2016 | 11:50 am
RPMI Railpen hired Russell Investments to manage a £700 million ($914 million) stable momentum allocation.
September 01, 2016 | 01:36 pm
The total deficit of U.K. corporate defined benefit funds increased 28.7% to £502 billion ($656.2 billion) over the month ended Aug. 31.
September 01, 2016 | 01:27 pm
Phibro Animal Health Corp. is offering a lump sum to some participants in its pension plan.
August 31, 2016 | 01:45 pm
Two U.K. pension funds of Italian tire manufacturer Pirelli & C. SPA have agreed to longevity swaps covering £600 million ($784 million) of liabilities with Zurich Assurance.
August 31, 2016 | 01:52 pm
Harris Corp. plans to contribute between $185 million and $195 million to its U.S. defined benefit plan during fiscal year 2017.
August 30, 2016 | 03:00 pm
The cost of providing a corporate defined benefit plan in the U.K. has risen to the equivalent of 50% of employee pay, due in part to the U.K.'s vote to leave the European Union.
August 30, 2016 | 12:17 pm
U.K. corporations are facing a “cash flow drain” as the post-Brexit interest rate cut and additional quantitative easing is set to inflate pension fund liabilities, warned Fitch Ratings.
August 23, 2016 | 11:59 am
TJX Cos. Inc., Framingham, Mass., is offering a lump-sum window for former employees who are vested in its U.S. pension plan but who have yet to receive benefits, said a 8-K filing with the...