Merchant Navy Officers Pension Fund, Surrey, England, hedged £1.5 billion ($2.3 billion) of longevity risk with Pacific Life Re.
January 07, 2015 | 03:05 pm
The aggregate deficit of the defined benefit plans of the U.K.'s largest 350 firms almost doubled over the year ended Dec. 31 to £107 billion ($162.2 billion), said a Mercer report.
January 06, 2015 | 12:32 pm
The funded status of U.S. corporate defined benefit plans fell about three percentage points in the fourth quarter of 2014, and roughly nine percentage points year-over-year, said reports from BNY...
January 06, 2015 | 02:06 pm
The funded status of the largest corporate pension plans fell nine percentage points in 2014, down to 80% from 89% in 2013, Towers Watson said.
January 05, 2015 | 03:54 pm
Aer Lingus Group PLC’s plans to restructure its Irish Airlines (General Employees) Superannuation Scheme, which includes freezing the fund, have been approved by the Irish Pensions Authority,...
December 23, 2014 | 12:13 pm
NCR Corp. announced Wednesday it has purchased a group annuity contract from Principal Life Insurance Co. to transfer about $160 million in pension liabilities, representing 4,500 retirees receiving...
December 17, 2014 | 11:03 am
TRW Automotive Holdings Inc., Livonia, Mich., purchased a group annuity contract from MetLife Inc. in a $440 million transaction to provide pension benefits to more than 7,000 TRW retirees and...
December 16, 2014 | 12:48 pm
Allegheny Technologies Inc., Pittsburgh, announced on Friday it will freeze the benefit accruals of certain participants in its U.S. defined benefit plan on Dec. 31, spokesman Dan Greenfield said.
December 12, 2014 | 03:26 pm
Barnes & Noble Inc., New York, will offer a lump sum to the remaining 2,350 active and terminated vested participants in its terminated defined benefit plan.
December 09, 2014 | 03:50 pm
The funded status of the 100 largest U.S. corporate defined benefit plans fell slightly in November as liabilities rose more than assets, the Milliman 100 Pension Funding index shows.
December 05, 2014 | 03:04 pm
The funded status of U.S. corporate defined benefit plans was relatively unchanged in November, said monthly reports from BNY Mellon Investment Management, Mercer and Wilshire Consulting.
December 03, 2014 | 01:32 pm
Deficits at U.K. corporate defined benefit plans increased 29.3% over the year ended Nov. 30, to £212 billion ($332.3 billion), as persistently low interest rates continued to increase...
December 01, 2014 | 01:26 pm
The TRW Pension Scheme, Solihull, England, agreed to a £2.5 billion ($3.9 billion) partial buyout with Legal & General Assurance Society, forming part of a year-long risk transfer project, said David ...
November 27, 2014 | 09:59 am
Kemper Corp. hired Northern Trust Asset Management to run its global small-cap “engineered equity” strategy for the company’s defined benefit plan.
November 25, 2014 | 02:49 pm
The trend of impact investing — into companies, organizations and funds with the aim of investing for social and environmental good, as well as a financial gain — is becoming more specific.