Corporate pensions

AstraZeneca appoints global pensions director

AstraZeneca appoints global pensions director

Andrew Foster was named global pensions director at AstraZeneca.

July 14, 2015 | 02:01 pm
AXA secures $4.4 billion longevity swap with U.K. pension fund

AXA secures $4.4 billion longevity swap with U.K. pension fund

AXA U.K. Group Pension Scheme completed a £2.8 billion ($4.4 billion) longevity swap with Reinsurance Group of America for the defined benefit section of its retirement plans.

July 13, 2015 | 01:27 pm

National Grid taps Philips CIO to lead new pension fund executive team

Rob Schreur was appointed CEO of the National Grid U.K. Pension Scheme.

July 13, 2015 | 12:38 pm

Milliman: Corporate pension funding continues to climb in June

The funded status of the 100 largest U.S. corporate defined benefit plans improved to 85.6% at the end of June, up 150 basis points from May, the Milliman 100 Pension Funding index showed Thursday.

July 09, 2015 | 01:51 pm
Aetna deal to acquire Humana would add $3.2 billion in DC assets

Aetna deal to acquire Humana would add $3.2 billion in DC assets

Aetna's acquisition of Humana for $37 billion could create a single company with combined retirement assets of about $15.8 billion.

July 07, 2015 | 03:30 pm
Discount rate rises for fifth straight month, boosting corporate pension funding ratios — 2 reports

Discount rate rises for fifth straight month, boosting corporate pension funding ratios — 2 reports

The funded status of corporate defined benefit plans rose in June because of falling liabilities, said reports from BNY Mellon and Aon Hewitt.

July 07, 2015 | 04:08 pm
PBGC files liens against Times Publishing

PBGC files liens against Times Publishing

The PBGC filed liens against the Times Publishing Co., for $30.5 million in missed pension fund contributions and related interest and penalties.

July 07, 2015 | 03:37 pm
Corporate pension funding improves in June despite drop in asset values — 2 reports

Corporate pension funding improves in June despite drop in asset values — 2 reports

The funded status of U.S. corporate pension plans improved slightly in June, said two new reports released Monday.

July 06, 2015 | 02:56 pm

Corporate defined benefit funded status up for quarter, reports say

The funded status of a typical U.S. corporate pension plan rose in the second quarter of 2015 due to falling liabilities, said two new reports from Legal & General Investment Management America and...

July 02, 2015 | 02:31 pm
Nestle to freeze U.K. pension plan

Nestle to freeze U.K. pension plan

Nestle U.K., Gatwick, England, announced Thursday it plans to freeze its defined benefit pension scheme, replacing it with a defined contribution plan.

July 02, 2015 | 10:01 am

FASB to address net pension costs on income statements

The Financial Accounting Standards Board will develop guidance on how companies present the net periodic cost of pensions and other postretirement benefits on their income statements.

June 30, 2015 | 03:53 pm
Corporations face looming pension bills

Corporations face looming pension bills

The pending expiration of federal contribution relief and increasing longevity mean U.S. corporations face the need for large contributions to their pension plans in coming years.

June 29, 2015
ICI: U.S. retirement assets increase 1.3% in quarter on DC, IRA gains

ICI: U.S. retirement assets increase 1.3% in quarter on DC, IRA gains

Total U.S. retirement assets rose 1.3% in the quarter ended March 31 to $24.9 trillion, said the Investment Company Institute's recently released quarterly report.

June 29, 2015 | 01:15 pm

Qantas Super CEO to retire at end of 2015

Jane Perry, CEO of Qantas Superannuation, Sydney, will retire at the end of 2015.

June 25, 2015 | 11:53 pm

Lane Clark: Secondary annuity transactions could help pension funds match liabilities

Defined benefit plans could buy up annuities on the secondary market to match changes in long-term interest rates and longevity, said pension fund consultant Lane Clark & Peacock.

June 24, 2015 | 02:48 pm