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...
August 23, 2016 | 11:51 am
U.S. corporate pension plan buyouts exceeded $1 billion in the second quarter of 2016, a LIMRA Secure Retirement Institute sales survey found.
August 22, 2016 | 01:06 pm
Amey OS Pension Scheme, Oxford, England, completed a total £65 million ($85 million) buy-in deal with Just Retirement Ltd.
August 19, 2016 | 11:39 am
Manweb Group of the Electricity Supply Pension Scheme completed a £1 billion ($1.3 billion) longevity swap with Abbey Life Assurance Co.
August 10, 2016 | 01:01 pm
Cooper Tire & Rubber Co., Findlay, Ohio, offered a lump-sum window to about 1,200 former vested employees who have yet to retire, the company announced in a 10-Q filing with the Securities and...
August 04, 2016 | 03:03 pm
Mueller Water Products Inc., Atlanta, settled $58.5 million in U.S. pension plan liabilities as a result of a lump-sum offer to terminated vested participants who have yet to retire, the company...
August 04, 2016 | 12:59 pm
International Paper Co., Memphis, Tenn., announced in a news release it sold $2.3 billion in bonds on Tuesday, with $500 million of the proceeds being contributed to its U.S. defined benefit plans.
August 03, 2016 | 03:00 pm
U.S. corporate pension plans' funded status rose about 1 percentage point in July, said reports from Mercer and Wilshire Consulting.
August 03, 2016 | 02:18 pm
The Wilshire Trust Universe Comparison Service returned a median 1.89% in the second quarter of 2016, up from 1.13% in the first quarter.
August 02, 2016 | 12:53 pm
The median net return of MSCI's InvestorForce Plan Universes was 1.77% during the second quarter of 2016. The median gross return over the period was 1.86%.