Corporate pensions

Merchant Navy Officers hedges pension fund longevity risk with Pacific Life Re

Merchant Navy Officers hedges pension fund longevity risk with Pacific Life Re

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

U.K. corporate pension deficit nearly doubles in 2014; funding ratio drops to 85%

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
Corporate pension funding ends 2014 on sour note — 3 reports

Corporate pension funding ends 2014 on sour note — 3 reports

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
Towers Watson: Corporate pension funding plummets in 2014 on mortality tables, falling rates

Towers Watson: Corporate pension funding plummets in 2014 on mortality tables, falling rates

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 freezes Irish Airlines pension fund, starts new DC plan

Aer Lingus freezes Irish Airlines pension fund, starts new DC plan

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. agrees to partial pension buyout with Principal Life Insurance

NCR Corp. agrees to partial pension buyout with Principal Life Insurance

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 agrees to annuity buyout with MetLife for U.S. retirees

TRW Automotive Holdings agrees to annuity buyout with MetLife for U.S. retirees

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 to freeze DB plan for certain employees on Dec. 31

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 plans another lump-sum offer as part of terminating DB plan

Barnes & Noble plans another lump-sum offer as part of terminating DB plan

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

Milliman: Funded status inches lower for 100 largest corporate pension plans

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

Corporate pension funding relatively flat in November — 3 reports

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
U.K. corporate DB funded status takes hit over past 12 months

U.K. corporate DB funded status takes hit over past 12 months

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
TRW completes largest U.K. buyout to date with L&G

TRW completes largest U.K. buyout to date with L&G

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 taps Northern Trust for global small-cap equity strategy

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
Impact investors shifting gears to accommodate specific goals

Impact investors shifting gears to accommodate specific goals

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.

November 24, 2014