Corporate pensions

U.K. pension funds' funding level dips in March, stable for 12 months

Pension Funds -

Pension Funds -

The funding level of U.K. corporate pension plans worsened to 92% at the end of March, but was unchanged for the year.
Foot Locker to kick $128 million into U.S. pension plan this year

Contributions -

Contributions -

Foot Locker Inc. will make a $128 million contribution to its qualified U.S. pension plan this year.
GKN shareholders approve Melrose takeover after pension fund trustees pushed for contributions

Pension Funds -

Pension Funds -

GKN's shareholders approved a takeover by Melrose Industries, following a push by GKN pension fund trustees for Melrose to make contributions to the plans.
Nortel Networks UK Pension Trust will no longer need to enter Pension Protection Fund

Pension Funds -

Pension Funds -

Nortel Networks UK Pension Trust will no longer need to enter the Pension Protection Fund after trustees recovered assets from the sponsor.
Anglian Water freezes pension plan, introduces new DC offering

Defined Contribution -

Defined Contribution -

Anglian Water froze its defined benefit plan and launched a new, improved defined contribution plan.
Increased contributions, strong markets help reduce FTSE 100 company pension deficits

Contributions -

Contributions -

Significant sponsoring employer contributions to FTSE 100 company pension funds helped drive a 32% reduction in the total deficit.
Melrose agrees to make £1 billion contribution to GKN pension funds if acquisition approved

Pension Funds -

Pension Funds -

Melrose Industries PLC agreed to contribute £1 billion to GKN PLC's U.K. pension funds should its acquisition be approved by shareholders.
BT Group to freeze pension fund for non-managers, introduce hybrid option

Pension Funds -

Pension Funds -

BT Group will freeze two sections of the BT Pensions Scheme, with future benefits accrued in an enhanced DC plan.
2018 corporate pension contribution tally to top $32 billion

PENSION FUNDS -

PENSION FUNDS -

U.S. corporations expect to contribute more than $32 billion to their defined benefit plans in 2018.
Aon: Non-discrimination testing relief could save benefits for 200,000

Legislation -

Legislation -

Non-discrimination testing relief to plan sponsors of closed defined benefit plans could save the benefits of 200,000 plan participants.

Governance -

Governance -

Ashbel Williams, executive director and CIO of the Florida State Board of Administration, was named chairman of the Council of Institutional Investors.
U.K. corporate pension fund deficit soars 41% in February

Pension Funds -

Pension Funds -

The total deficit of all pension funds covered by the Pension Protection Fund's 7800 index increased 41.4% in February to 72.1 billion.
Cigna's acquisition of Express Scripts to combine nearly $12 billion in retirement assets

Retirement Plans -

Retirement Plans -

Cigna Corp. agreed to acquire Express Scripts Holding Co., resulting in a company with nearly $12 billion in combined retirement plan assets.
4 consultants report small moves in both directions for corporate pension funding in February

Pension Funds -

Pension Funds -

U.S. corporate pension funding ratios saw modest movement in February, according to monthly reports from Mercer, Wilshire Consulting, Milliman and Aon Hewitt.
U.K.'s Pensions Regulator wants input on Melrose acquisition of GKN to protect pension funds

Pension Funds -

Pension Funds -

The Pensions Regulator in the U.K. wants Melrose Industries PLC to get clearance from TPR to acquire GKN PLC to protect the pension funds.