Corporate pensions

ICI Pension Fund completes another buy-in, securing $900 million with Scottish Widows

ICI Pension Fund, London, completed a buy-in transaction with Scottish Widows covering £630 million ($898 million) in pension liabilities.

June 14, 2016 | 11:54 am

American Electric Power picks new director of trust investments

Aaron Hill was named director-trust investments at American Electric Power Co., Columbus, Ohio, said Jim Brown Jr., investment specialist, in an e-mail.

June 09, 2016 | 04:01 pm
NISA: Funded status volatility falls in May

NISA: Funded status volatility falls in May

NISA Investment Advisors' Pension Surplus Risk index fell 30 basis points in May to 8.8%, mainly due to a drop in return-seeking asset volatility.

June 08, 2016 | 12:08 pm
Participants sue over church-plan status for Holy Cross Hospital pension fund

Participants sue over church-plan status for Holy Cross Hospital pension fund

Holy Cross Hospital and Sinai Health Systems, Chicago, are being sued by participants of a terminated defined benefit plan who are challenging its church-plan status.

June 07, 2016 | 03:45 pm

Corporate pension plans' funding held steady in May — 3 reports

The funded status for U.S. corporate pension plans remained relatively unchanged in May, said reports from Mercer, Wilshire Consulting and Legal & General Investment Management America.

June 03, 2016 | 03:09 pm
U.K. yields continue to head lower

U.K. yields continue to head lower

Ten-year U.K. gilts hit a multiyear low with yields barely above 1.25%.

June 03, 2016 | 04:27 pm

Pew: States identify 3 options for broadening private-sector retirement access

At least half the states are implementing or considering retirement savings options for private-sector workers without access to them through their employers, a report released Wednesday by The Pew...

June 01, 2016 | 04:00 pm
LIMRA: U.S. corporate pension buyouts exceed $1 billion for fourth straight quarter

LIMRA: U.S. corporate pension buyouts exceed $1 billion for fourth straight quarter

U.S. corporate pension plan buyouts reached $1.1 billion in the first quarter of 2016, said a LIMRA Secure Retirement Institute sales survey.

June 01, 2016 | 12:24 pm
U.K. corporate pension funding deficits increase 5.4% in May to record level

U.K. corporate pension funding deficits increase 5.4% in May to record level

The total deficit of all corporate defined benefit funds in the U.K. increased 5.4% in May, to a record £310 billion ($453.7 billion) and by 21.6% for the year ended May 31, said JLT Employee...

June 01, 2016 | 12:19 pm
Execs hope for less burdensome non-discrimination rules

Execs hope for less burdensome non-discrimination rules

As Internal Revenue Service officials grapple with how to prevent employers from providing lopsided retirement benefits that discriminate in favor of higher-paid employees, plan sponsor advocates are ...

May 30, 2016

Liberty Mutual employees score victory in pension fight

An appeals court handed a victory to several Liberty Mutual Insurance Co. employees, ruling they could pursue claims against the insurer for denying them past service credits under its retirement plan.

May 26, 2016 | 06:01 pm
Supreme Court sends Verizon annuity buyout lawsuit back to appeals court

Supreme Court sends Verizon annuity buyout lawsuit back to appeals court

The Supreme Court gave a class of Verizon Communications Inc. retirees another chance to challenge a pension buyout annuity deal Monday when it vacated a lower court decision and ordered the 5th U.S. ...

May 23, 2016 | 04:05 pm
Aon completes $1.3 billion buy-in for its retirement plan

Aon completes $1.3 billion buy-in for its retirement plan

Aon Retirement Plan, Surrey, England, completed a £900 million ($1.3 billion) pension buy-in with Pension Insurance Corp., covering the majority of liabilities across two sections of the hybrid ...

May 12, 2016 | 12:17 pm
U.K. corporate pension plans see funding improvements in April

U.K. corporate pension plans see funding improvements in April

The total deficit of U.K. corporate pension funds covered by the Pension Protection Fund's 7800 index fell 10.6% over the month ended April 30, but increased 17.1% for the year to that date, to...

May 10, 2016 | 10:17 am
Corporate pension funding falls on second-lowest discount rate since 2001 — 2 reports

Corporate pension funding falls on second-lowest discount rate since 2001 — 2 reports

The aggregate funding ratio of corporate pension plans declined in April, primarily due to falling discount rates, said reports from Milliman and Aon Hewitt.

May 09, 2016 | 02:49 pm