Corporate pensions

Fiduciaries to pay $15 million for lack of diversification with Wheeling Severstal plans

Fiduciaries to pay $15 million for lack of diversification with Wheeling Severstal plans

Investment manager WPN Corp. and Ronald LaBow, its former president, were ordered Monday to pay $15 million to two defined benefit plans of Severstal Wheeling Inc. for failing to diversify plan assets.

August 12, 2015 | 03:17 pm
U.K. corporate pension fund contributions down 15.5% in 2014

U.K. corporate pension fund contributions down 15.5% in 2014

The U.K.'s largest companies reduced their pension fund contributions in 2014, shows a new report from consultant Lane Clark & Peacock.

August 12, 2015 | 01:13 pm
Ontario premier outlines contribution schedule for supplemental pension plan

Ontario premier outlines contribution schedule for supplemental pension plan

Ontario's proposed supplemental public pension plan will phase in when and how much companies without workplace retirement plans and their employees must contribute, Ontario Premier Kathleen Wynne...

August 11, 2015 | 12:14 pm
Procter & Gamble expects to contribute $215 million to pension funds

Procter & Gamble expects to contribute $215 million to pension funds

Procter & Gamble Co. estimates that it will contribute $215 million to its worldwide defined benefit pension plans during its 2016 fiscal year ending June 30.

August 10, 2015 | 12:52 pm

Milliman: Corporate funded status falls on first discount rate drop since March

The funded status of the 100 largest U.S. corporate defined benefit plans fell 70 basis points to 84.8% at the end of July, the Milliman 100 Pension Funding index showed Thursday.

August 06, 2015 | 03:29 pm

Mercer: S&P 1500 DB funded status drops 1 percentage point in July

The estimated aggregate funding ratio of pension plans sponsored by S&P 1500 companies fell one percentage point to 83% in July, the result of falling discount rates, said a report released Wednesday ...

August 05, 2015 | 03:28 pm
Rising liabilities push U.S. corporate funded status down in July — 2 reports

Rising liabilities push U.S. corporate funded status down in July — 2 reports

The funded status of U.S. corporate defined benefit plans fell in July because of rising liabilities, said reports from BNY Mellon and Wilshire Consulting.

August 04, 2015 | 03:25 pm
Canadian pension funds show negative return for quarter, RBC finds

Canadian pension funds show negative return for quarter, RBC finds

Canadian defined benefit plans returned -1.6% in the second quarter, the first decline in investment returns since the second quarter of 2012, RBC Investor & Treasury Services' quarterly survey states.

August 04, 2015 | 12:42 pm
TUCS funds dip in quarter

TUCS funds dip in quarter

Trusts in the Wilshire Trust Universe Comparison Service returned a median -0.04% in the second of 2015, down from 2.13% the previous quarter, but outperforming the classic 60/40 portfolio of stocks...

August 04, 2015 | 02:24 pm

Mercer: FTSE 350 pension deficit climbs in June on falling corporate bond yields

The total deficit for defined benefit funds of the FTSE 350 companies increased 17.3% to £95 billion ($147.5 billion) over the month ended July 31, driven by a fall in corporate bond yields,...

August 04, 2015 | 12:05 pm

Buyouts increasingly the goal, Aon Hewitt finds

The proportion of U.K. defined benefit pension funds that identify a buyout as their long-term objective increased to 27%, from 20% two years ago, a new survey by Aon Hewitt found.

August 03, 2015 | 01:19 pm

InvestorForce universes down 0.16% in quarter

MSCI's InvestorForce Plan Universes had a median net return of -0.16% in the second quarter.

August 03, 2015 | 12:14 pm
U.K. corporate plan deficits rise in July

U.K. corporate plan deficits rise in July

The total deficit of U.K. corporate pension funds increased 2.4% to £259 billion ($401.5 billion) in July, said JLT Employee Benefits in its latest monthly index.

August 03, 2015 | 11:17 am
Use of excess DB plan assets for health care extended to 2025

Use of excess DB plan assets for health care extended to 2025

Excess defined benefit plan assets can now be used to pay for retiree health care and life insurance through 2025.

July 31, 2015 | 02:32 pm
Highway bill would extend health-care option for overfunded DB plans

Highway bill would extend health-care option for overfunded DB plans

Sponsors of overfunded defined benefit plans will be able to use excess assets for retiree health care and life insurance, under a highway bill passed by the House late Wednesday.

July 30, 2015 | 03:06 pm