Corporate pensions

Insolvency rate slowing for U.K. companies with pension funds — report

The insolvency rate of sponsoring employers with defined benefit plans that are eligible for inclusion in the U.K. Pension Protection Fund fell sharply over the nine months ended March 31.

October 30, 2014 | 03:42 pm
Northern Trust institutional universe loses ground in third quarter

Northern Trust institutional universe loses ground in third quarter

Corporate defined benefit plans edged out public pension plans and endowments and foundations in a quarter that saw weak performance overall, Northern Trust data shows.

October 30, 2014 | 03:21 pm

InvestorForce universes drop 1.1% in third quarter

InvestorForce Plan Universes funds posted a median net return of -1.14% in the quarter ended Sept. 30. The median return gross of fees in the quarter was -1.03%.

October 30, 2014 | 02:20 pm
Boeing offers lump-sum, immediate annuity options to 40,000 former employees

Boeing offers lump-sum, immediate annuity options to 40,000 former employees

Boeing Co., Chicago, is offering an option of a lump-sum payout or an annuity to 40,000 former employees who have not yet retired, the first time the company has offered such choices from its...

October 28, 2014 | 02:59 pm

Hartford Financial offers lump sums to former employees

Hartford Financial Services Group Inc. offered lump sums to about 13,500 terminated vested participants in its frozen defined benefit plan.

October 28, 2014 | 02:56 pm

PPF to assess Monarch Airlines for DB takeover

Monarch Airlines Retirement Benefits Plan Ltd. is expected to enter an assessment for entry into the Pension Protection Fund within a matter of weeks.

October 27, 2014 | 02:15 pm
ERISA at 40: Stewards reflect on good, bad

ERISA at 40: Stewards reflect on good, bad

Reflecting back on ERISA's first 40 years, the people who've administered it say there were some hits and some misses.

October 27, 2014

Education firm RM enters into pension buy-in with PIC

RM PLC, Abingdon, England, agreed to a buy-in with Pension Insurance Corp. to insure 13% of the liabilities of the company's defined benefit plan.

October 23, 2014 | 02:21 pm
Ryder System offers lump sums to former employees

Ryder System offers lump sums to former employees

Ryder System Inc. is offering a lump-sum payment to about 11,000 former employees vested in its frozen U.S. defined benefit plan, the company announced in an SEC filing on Wednesday.

October 22, 2014 | 03:28 pm
Boeing contributes $750 million to pension funds in 3rd quarter

Boeing contributes $750 million to pension funds in 3rd quarter

Boeing Co. contributed $750 million to its defined benefit plans in the quarter ended Sept. 30, the company said Wednesday in a Securities and Exchange Commission filing.

October 22, 2014 | 03:17 pm

BT loses battle at top EU court to block pension aid repayment

BT Group PLC, the U.K.'s former phone monopoly, and its pension fund lost their bid to overturn a European Union order forcing the repayment of as much as £16.6 million ($26.6 million) in...

October 22, 2014 | 11:16 am
Lockheed Martin to forgo pension contributions in 2015 through 2017

Lockheed Martin to forgo pension contributions in 2015 through 2017

Lockheed Martin Corp. announced Tuesday it has contributed $1 billion in contributions to its defined benefit plans thus far in 2014 out of an expected $2 billion and does not expect to make further...

October 21, 2014 | 02:27 pm

Unilever enters into buy-in with Legal & General on expatriate fund

Uniac Pension Fund agreed to a buy-in with Legal & General Group to insure £129 million ($208.5 million) of liabilities.

October 21, 2014 | 02:59 pm
Panasonic completes pension fund buyout for U.K. unit

Panasonic completes pension fund buyout for U.K. unit

Panasonic Systems Networks Co. U.K. Ltd. Pension and Life Assurance Scheme completed a buyout with Rothesay Life.

October 21, 2014 | 12:19 pm

UNC hires director of public investments from UPS

Ed Hetherington is joining the University of North Carolina Management Co. as vice president and managing director of public investments for the $3.54 billion UNC Investment Fund.

October 20, 2014 | 04:17 pm