Investment manager WPN Corp. and Ronald LaBow, its former president, were ordered Monday to pay $15 million to two defined benefit plans of Severstal Wheeling Inc. for failing to diversify plan assets.
August 12, 2015 | 03:17 pm
The U.K.'s largest companies reduced their pension fund contributions in 2014, shows a new report from consultant Lane Clark & Peacock.
August 12, 2015 | 01:13 pm
Ontario's proposed supplemental public pension plan will phase in when and how much companies without workplace retirement plans and their employees must contribute, Ontario Premier Kathleen Wynne...
August 11, 2015 | 12:14 pm
Procter & Gamble Co. estimates that it will contribute $215 million to its worldwide defined benefit pension plans during its 2016 fiscal year ending June 30.
August 10, 2015 | 12:52 pm
The funded status of the 100 largest U.S. corporate defined benefit plans fell 70 basis points to 84.8% at the end of July, the Milliman 100 Pension Funding index showed Thursday.
August 06, 2015 | 03:29 pm
The estimated aggregate funding ratio of pension plans sponsored by S&P 1500 companies fell one percentage point to 83% in July, the result of falling discount rates, said a report released Wednesday ...
August 05, 2015 | 03:28 pm
The funded status of U.S. corporate defined benefit plans fell in July because of rising liabilities, said reports from BNY Mellon and Wilshire Consulting.
August 04, 2015 | 03:25 pm
Canadian defined benefit plans returned -1.6% in the second quarter, the first decline in investment returns since the second quarter of 2012, RBC Investor & Treasury Services' quarterly survey states.
August 04, 2015 | 12:42 pm
Trusts in the Wilshire Trust Universe Comparison Service returned a median -0.04% in the second of 2015, down from 2.13% the previous quarter, but outperforming the classic 60/40 portfolio of stocks...
August 04, 2015 | 02:24 pm
The total deficit for defined benefit funds of the FTSE 350 companies increased 17.3% to £95 billion ($147.5 billion) over the month ended July 31, driven by a fall in corporate bond yields,...
August 04, 2015 | 12:05 pm
The proportion of U.K. defined benefit pension funds that identify a buyout as their long-term objective increased to 27%, from 20% two years ago, a new survey by Aon Hewitt found.
August 03, 2015 | 01:19 pm
MSCI's InvestorForce Plan Universes had a median net return of -0.16% in the second quarter.
August 03, 2015 | 12:14 pm
The total deficit of U.K. corporate pension funds increased 2.4% to £259 billion ($401.5 billion) in July, said JLT Employee Benefits in its latest monthly index.
August 03, 2015 | 11:17 am
Excess defined benefit plan assets can now be used to pay for retiree health care and life insurance through 2025.
July 31, 2015 | 02:32 pm
Sponsors of overfunded defined benefit plans will be able to use excess assets for retiree health care and life insurance, under a highway bill passed by the House late Wednesday.