Corporate pensions

Vestey Group enters into pension buyout with Rothesay Life

Vestey Group has conducted a £280 million ($464.4 million) bulk annuity deal with Rothesay Life for its pension fund, Western United Group Pension Scheme, London, said Ben Fowler, group head of ...

August 21, 2014 | 12:25 pm
SEC rules Timbervest violated Investment Advisers Act

SEC rules Timbervest violated Investment Advisers Act

An SEC administrative law judge ruled Wednesday that institutional timber manager Timbervest LLC violated terms of the Investment Advisers Act of 1940.

August 20, 2014 | 04:18 pm

Lehman Brothers agrees to fully fund U.K. pension plan for buyout

Participants in the Lehman Brothers pension fund in the U.K. will receive their full retirement benefits, after an agreement to pay £184 million ($307.2 million) to fund a buyout was reached...

August 19, 2014 | 02:54 pm

Milliman: Corporate pension plan funding inches down in July

The funded status of the 100 largest U.S. corporate pension plans dropped to 85% in July, down from 85.3% in June, said the latest Milliman 100 Pension Funding index.

August 15, 2014 | 01:38 pm
Cox Enterprises ordered to pay $13.9 million to PBGC for News-Journal plan

Cox Enterprises ordered to pay $13.9 million to PBGC for News-Journal plan

Cox Enterprises Inc. will have to give the Pension Benefit Guaranty Corp. $13.9 million to cover the unfunded pension liabilities of News-Journal Corp.

August 13, 2014 | 06:04 pm

Exelon picks Segall Bryant & Hamill for small-cap value equity

Exelon Corp. hired Segall Bryant & Hamill as a manager for its defined benefit plans.

August 13, 2014 | 01:11 pm
3 report asset owner universe returns for the second quarter and year

3 report asset owner universe returns for the second quarter and year

The median return of all plans in the BNY Mellon U.S. Master Trust Universe was 3.74% in the second quarter ended June 30

August 11, 2014 | 03:10 pm

U.K. accounting changes could slash pensions on balance sheets

Proposed changes to pensions accounting standards could wipe more than £25 billion ($42 billion) from FTSE 350 company balance sheets

August 11, 2014 | 02:31 pm
ADM to offer lump-sum payments to U.S. retirees

ADM to offer lump-sum payments to U.S. retirees

Archer Daniels Midland Co. will offer lump-sum payments to 10,000 U.S. retirees.

August 07, 2014 | 04:03 pm
NISA: Funded status volatility back up from historic low

NISA: Funded status volatility back up from historic low

After hitting a historic low in June, the NISA Investment Advisors Pension Surplus Risk index rose 80 basis points to 9.4% at the end of July.

August 07, 2014 | 03:37 pm
Kodak moves all employees to single cash balance plan benefit formula

Kodak moves all employees to single cash balance plan benefit formula

Eastman Kodak Co., Rochester, N.Y., is moving all of its U.S. employees to a cash balance plan with a single pension benefit formula, effective Jan. 1.

August 07, 2014 | 01:31 pm

Buck Consultants to freeze pension plan at year-end

Buck Consultants at Xerox, New York, on Wednesday said it will freeze its defined benefit plan at the end of 2014 and enhance its 401(k) plan.

August 06, 2014 | 04:51 pm

FTSE 100 companies decrease cash contributions to plans in 2013

FTSE 100 companies provided additional security to their pension funds via promises of non-cash contributions during 2013 at the expense of cash contributions, with 38 firms reporting this kind of...

August 06, 2014 | 03:58 pm
Miki Travel enters into pension buyout with PIC

Miki Travel enters into pension buyout with PIC

Miki Travel Ltd. Pension & Assurance Scheme, London, entered into a pension buyout with Pension Insurance Corp., covering £45 million ($75.9 million) of liabilities.

August 06, 2014 | 12:31 pm

Mercer: S&P 1500 funded status flat at 85% in July

The funded status of S&P 1500 companies with defined benefit plans remained at 85% in July due to falling equity markets and slightly rising interest rates, said a monthly report from Mercer.

August 05, 2014 | 02:51 pm