Corporate pensions

Canadian pension fund discount rates dip in 2016

Canadian pension fund discount rates dip in 2016

Discount rates among Canadian corporate pensions in the S&P/TSX index with liabilities over C$1 billion declined in 2016 after a brief uptick in 2015.

March 30, 2017 | 11:29 am
U.K.'s Pensions Regulator outlines guidance for corporate pension plan trustees

U.K.'s Pensions Regulator outlines guidance for corporate pension plan trustees

The Pensions Regulator publishes guidance for trustees of defined benefit funds, outlining factors and approaches related to investment governance, implementation and monitoring.

March 30, 2017 | 10:26 am
PGL Pension Scheme transfers longevity swap with Phoenix Life

PGL Pension Scheme transfers longevity swap with Phoenix Life

PGL Pension Scheme, Birmingham, England, completed a £1.2 billion ($1.5 billion) bulk annuity transaction with Phoenix Life, said its consultant, Aon Hewitt.

March 23, 2017 | 11:37 am
Sears Holdings contributing $312 million to U.S. pension plan

Sears Holdings contributing $312 million to U.S. pension plan

Sears Holdings Corp., Hoffman Estates, Ill., plans to contribute $312 million to its U.S. defined benefit plan in 2017, the company announced in a 10-K filing with the Securities and Exchange...

March 23, 2017 | 03:32 pm
Federated Flexiplan completes pension buy-in with Aviva

Federated Flexiplan completes pension buy-in with Aviva

Federated Flexiplan No. 1, Manchester, England, completed a £70 million ($86.7 million) buy-in with Aviva.

March 21, 2017 | 11:58 am
PBGC girds for pending union plan catastrophe

PBGC girds for pending union plan catastrophe

Pension Benefit Guaranty Corp.'s dire financial condition has officials predicting painful cuts for more than 1 million multiemployer plan participants projected to need its help.

March 20, 2017
Philips pension fund cuts fixed-income allocation on rising interest rates

Philips pension fund cuts fixed-income allocation on rising interest rates

Stichting Philips Pensioenfonds, Zeist, Netherlands, reduced its fixed-income allocation as it expects interest rates to rise over the coming years.

March 20, 2017 | 01:40 pm
Lufthansa to freeze pension plan for pilots, introduce new DC plan

Lufthansa to freeze pension plan for pilots, introduce new DC plan

Lufthansa AG is introducing a new defined contribution plan for its German pilots in the middle of this year, following an agreement the airline reached Wednesday with the pilots' union.

March 15, 2017 | 02:34 pm
Alps Electric Pension Scheme enters into pension buyout with PIC

Alps Electric Pension Scheme enters into pension buyout with PIC

Alps Electric Pension Scheme, Milton Keynes, England, conducted a £33 million ($40.5 million) buyout with Pension Insurance Corp.

March 15, 2017 | 08:01 am
U.K. fund deficits rise in February as liabilities continue to grow

U.K. fund deficits rise in February as liabilities continue to grow

The total deficit of defined benefit funds covered by the Pension Protection Fund’s 7800 index increased 23.3% over February to £242 billion ($300.8 billion).

March 14, 2017 | 07:36 am
Sears, PBGC agree on deal to protect pension fund assets after Craftsman sale

Sears, PBGC agree on deal to protect pension fund assets after Craftsman sale

Sears Holdings Corp. reached a new agreement with the PBGC to protect its pension fund assets following the sale of Sears' Craftsman brand to Stanley Black & Decker.

March 09, 2017 | 01:32 pm

HSBC U.K. pension plan to put £2 billion into LGIM's Future World Fund

HSBC Bank (U.K.) Pension Scheme, London, will invest £2 billion in the Legal & General Investment Management Future World Fund, which the bank's defined contribution plan seeded last year.

March 09, 2017 | 01:49 pm
Tata Steel U.K. to freeze British Steel Pension Scheme at end of March

Tata Steel U.K. to freeze British Steel Pension Scheme at end of March

Tata Steel U.K. will freeze the £13.3 billion ($16.3 billion) British Steel Pension Scheme at the end of the month, the sponsoring employer said in a statement Tuesday.

March 07, 2017 | 03:12 pm
Corporate pension funding hovers around 81% in February — 2 reports

Corporate pension funding hovers around 81% in February — 2 reports

The largest U.S. corporate pension plans did not see a big change in their aggregate funded status in February, said reports from Milliman and Aon Hewitt.

March 07, 2017 | 03:19 pm
Corporations pour assets into funds

Corporations pour assets into funds

U.S. corporations plan to contribute more than $26.8 billion to their pension funds this year, according to an analysis by Pensions & Investments, with UPS, FedEx and GE leading the list of...

March 06, 2017