Corporate pensions

U.K. corporate pension funding deficit rises 5.5% in March

The total deficit of all U.K. corporate defined benefit funds increased 5.5% in March to £269 billion ($402 billion), JLT Employee Benefits' latest analysis shows.

April 01, 2015 | 02:17 pm

WSP Parsons Brinckerhoff selects Mercer to provide actuarial services for 7 plans

WSP Parsons Brinckerhoff, London, hired Mercer to provide actuarial services to its seven U.K. retirement plans.

April 01, 2015 | 04:03 pm
Aon Hewitt: Canadian pension plans continue to see funding declines

Aon Hewitt: Canadian pension plans continue to see funding declines

The median funded status of Canadian defined benefit plans administered by Aon Hewitt was 89% as of Tuesday, down 1.6 percentage points from the end of 2014 and the first time the level fell below...

March 31, 2015 | 03:23 pm
BP America CIO leaves for post with American Red Cross

BP America CIO leaves for post with American Red Cross

Gregory T. Williamson, Chicago-based chief investment officer of BP America Inc. and director-trust investments, the Americas, BP PLC, was named CIO of the American Red Cross.

March 25, 2015 | 04:13 pm
Kraft, Heinz deal would combine $13.3 billion of retirement assets

Kraft, Heinz deal would combine $13.3 billion of retirement assets

The merger of Kraft Foods Group Inc., Northfield, Ill., and H.J. Heinz Co., Pittsburgh, could create a single company with combined retirement assets of about $13.3 billion.

March 25, 2015 | 01:14 pm

John Heathcoat pension fund selects Punter Southall for actuarial, investment services

John Heathcoat Pension Scheme hired Punter Southall to provide actuarial, administration, risk and investment services.

March 25, 2015 | 11:48 am

Lloyds Banking Group chooses interim pension CIO

Lloyds Banking Group appointed a unit of Momentum Global Investment Management to act as chief investment officer for its retirement plans.

March 17, 2015 | 03:19 pm

U.K. companies increasing pension fund amortization periods

Companies are increasingly lengthening their pension fund amortization periods by three years or more in an effort to relieve pressure on repairing funding gaps, new research shows.

March 16, 2015 | 01:22 pm

Employers must disclose pension derisking efforts to PBGC

Employers that derisk their pension funds now have to disclose risk transfer information to the Pension Benefit Guaranty Corp. as part of paying their annual pension insurance premiums to the federal ...

March 12, 2015 | 11:21 am

DuPont Capital recruits 2 for business development, relationship management

William W. Smith Jr. was named principal, business development at DuPont Capital Management and Paul Leahy was named head of relationship management at the firm,...

March 11, 2015 | 01:25 pm
Tesco pension fund invests in U.K.'s Pensions Infrastructure Platform

Tesco pension fund invests in U.K.'s Pensions Infrastructure Platform

The defined benefit plan of Tesco PLC has become the latest investor in the U.K.'s Pensions Infrastructure Platform.

March 11, 2015 | 11:39 am

U.K. corporate pension funding rebounds in February to 83.6%

The aggregate deficit of occupational pension funds covered by the U.K. Pension Protection Fund’s 7800 index decreased 32.3% to £248.7 billion ($374.8 billion) in February.

March 10, 2015 | 01:22 pm
Milliman: February funded status gains help offset dismal January results

Milliman: February funded status gains help offset dismal January results

The funded status of the 100 largest U.S. corporate defined benefit plans improved to 83.3% at the end of February, up 370 basis points from January, the Milliman 100 Pension Funding index shows.

March 09, 2015 | 01:44 pm

Corporate contributions top $17 billion to start 2015

Fifty-one companies so far have announced they will contribute a combined $17.35 billion to their pension funds in 2015.

March 09, 2015

Philadelphia Gas Works issues call for value equity managers

Philadelphia Gas Works Retirement Reserve is seeking an active domestic large-cap value equity manager to run $39 million and an active domestic small-cap value equity manager to run $23 million.

March 05, 2015 | 03:33 pm