Corporate pensions

Johnson Controls charges up $311 million pension contribution for current fiscal year

Johnson Controls charges up $311 million pension contribution for current fiscal year

Johnson Controls Inc. expects to contribute $311 million to its defined benefit plans in its current fiscal year, ending Sept. 30, 2017, up 127% from the previous fiscal year.

November 29, 2016 | 04:04 pm
Aggregate Industries completes second pension buy-in, covering £135 million in liabilities

Aggregate Industries completes second pension buy-in, covering £135 million in liabilities

Construction materials manufacturer and supplier Aggregate Industries, Markfield, England, completed a £135 million ($168.4 million) buy-in with Just Retirement for its pension plan.

November 29, 2016 | 12:29 pm

MSCI: North American companies have largest pension funding problem

The level of underfunding in corporate pension funds is at its worst in North America, shows analysis by MSCI ESG Research.

November 21, 2016 | 01:33 pm
DuPont to freeze defined benefit plan in 2018

DuPont to freeze defined benefit plan in 2018

E.I. du Pont de Nemours & Co., Wilmington, Del., is freezing its U.S. defined benefit plan in late 2018, the company said in an 8-K filing Thursday.

November 17, 2016 | 02:50 pm

Vanguard survey shows accelerated move to freezing DB plans

More U.S. corporations are freezing their defined benefit plans as a reflection of their concerns with the risk of their plans’ funding ratios as well as the overall cost of their plans, a new...

November 17, 2016 | 03:56 pm
U.S. election aftermath good for U.K. pension funding

U.S. election aftermath good for U.K. pension funding

U.K. corporate defined benefit funds saw a £35 billion ($44.1 billion) improvement in deficits in the week after the U.S. presidential election, which is helping unwind damage done by the U.K....

November 16, 2016 | 01:40 pm
Corporate pension funding under renewed spotlight

Corporate pension funding under renewed spotlight

Defined benefit funding by corporations is taking on renewed urgency for regulators, pension funds and companies themselves as the potential for deficits to interfere with corporate life becomes more ...

November 14, 2016
L&G completes £1.1 billion buyout of Vickers Group scheme

L&G completes £1.1 billion buyout of Vickers Group scheme

The Vickers Group Pension Scheme, Derby, England, completed a £1.1 billion ($1.3 billion) buyout with Legal & General Group PLC.

November 14, 2016 | 12:00 pm
Wells Fargo makes $1.3 billion contribution to pension plan

Wells Fargo makes $1.3 billion contribution to pension plan

Wells Fargo & Co. contributed $1.3 billion to its U.S. defined benefit plan, according to the company’s latest 10-Q filed with the Securities and Exchange Commission.

November 10, 2016 | 09:40 am
InvestorForce, Northern Trust universes record strong gains in the third quarter

InvestorForce, Northern Trust universes record strong gains in the third quarter

Institutional investor returns rose by more than 3% in the third quarter, said data released Tuesday by Northern Trust and MSCI.

November 08, 2016 | 02:49 pm

ITT Inc. offers lump sum to former employees

ITT Inc., White Plains, N.Y., announced in an 8-K filing with the Securities and Exchange Commission on Friday it is offering a lump-sum window to certain participants in its U.S. defined benefit plan.

November 04, 2016 | 03:03 pm
Corporate funding levels experience little change in October — 3 reports

Corporate funding levels experience little change in October — 3 reports

The aggregate funding ratio for U.S. corporate defined benefit plans remained relatively unchanged in October, said reports from Mercer, Wilshire Consulting and Legal & General Investment Management...

November 03, 2016 | 04:09 pm
U.K. Pensions Regulator pushes for funding of retailer BHS' pension plans

U.K. Pensions Regulator pushes for funding of retailer BHS' pension plans

The U.K. Pensions Regulator is taking action against a number of firms and individuals in relation to funding pension plans sponsored by retailer BHS.

November 03, 2016 | 02:39 pm
Shell Overseas Contributory Pension Fund plans buy-in with Shell subsidiary

Shell Overseas Contributory Pension Fund plans buy-in with Shell subsidiary

The trustee of the Shell Overseas Contributory Pension Fund, Bermuda, intends to complete a $200 million buy-in with Solen Life Insurance, a Royal Dutch Shell-owned insurance company, said the fund's ...

November 03, 2016 | 12:31 pm
Canadian pension funds post 4.2% gain in third quarter

Canadian pension funds post 4.2% gain in third quarter

Canadian corporate and public pension plans returned an overall 4.2% in the third quarter with global and domestic equity investments continuing to drive gains, said RBC Investor & Treasury Services' ...

November 03, 2016 | 11:45 am