Corporate pensions

Just say no to multiemployer plan bailout

EDITORIAL

EDITORIAL

Congress should work harder at designing a rescue plan for troubled industry funds, one less likely to leave future taxpayers on the hook.
Low corporate spreads push funded status to 90%; how long will it last?
U.S. corporate pension plans benefited from declining credit spreads since the start of 2016 as the average plan funded status rose to more than 90% by April 2018 from around 80%.
McKesson to terminate U.S. pension plan

PENSION FUNDS

PENSION FUNDS

McKesson Corp. will terminate its U.S. pension plan, the company disclosed in its 10-K filing with the SEC.
Majority of U.K.'s largest pension funds engage on climate change risk

ESG

ESG

The majority U.K.'s 25 largest pension funds are engaged when it comes to climate change risk to their portfolios, but a minority are "worryingly complacent."
U.S. corporate pension buyouts exceed $1 billion for 12th straight quarter

PENSION FUNDS

PENSION FUNDS

U.S. corporate pension plan buyout sales totaled $1.38 billion during the first quarter, similar to the first quarter of 2017.
FTSE 100 pension funds show surplus for first time since financial crisis – LCP report

Pension Funds

Pension Funds

The pension funds of FTSE 100 firms show a year-end accounting surplus for the first time since the global financial crisis.
Costs mute hedge fund value added
CEM Benchmarking released research on hedge fund returns, finding that net of costs, the asset class fails to add value over a traditional equity/bond portfolio.
Deere expects to plow an extra $950 million into pension plans in fiscal 2018

Pension Funds

Pension Funds

Deere & Co. expects to contribute an additional $950 million to its U.S. pension and other post-retirement benefit plans in fiscal 2018.
Milliman: Corporate pension funding improves in April to nearly 92%

Pension Funds

Pension Funds

The funded status of the 100 largest U.S. corporate pension plans rose 1 percentage point to 91.6% in April.
SOA projects 115 multiemployer plans to be insolvent in 20 years

PENSION FUNDS

PENSION FUNDS

An estimated 115 multiemployer plans covering roughly 1.4 million participants are likely to be insolvent within the next 20 years.
Pension funds broaden EM allocations, still boom or bust
The median emerging market equity allocation among plans surveyed by Pensions & Investments was 4.92% as of Sept. 30, up from about 3.9% in September of 2010.
Marks and Spencer completes pension buy-ins covering 1.4 billion in liabilities

PENSION FUNDS

PENSION FUNDS

Marks and Spencer completed about 1.4 billion in buy-in deals with Aviva and Phoenix Life for the company's pension plan.
Discount rates outpace equity declines for corporate plans
Corporate pension plan discount rates jumped 41 basis points during the first quarter, driving the average plan funded status about 3 percentage points higher to 87.3%.

Pension Funds

Pension Funds

Richard E. Daudelin was named vice president, treasury at Ingersoll-Rand PLC.
BT Group to contribute 4.5 billion to pension fund over 3 years as part of recovery plan

Pension Funds

Pension Funds

BT Group has agreed to a 13-year recovery plan with the trustee of the BT Pension Scheme to plug an 11.3 billion deficit.