Pension funding

U.K. court finds BHS owner withheld information from Pensions Regulator

Courts -

Courts -

Dominic Chappell, owner of failed U.K. retailer BHS, was found guilty of not providing information to The Pensions Regulator.
Commentary: Avoiding the pension fund event horizon: How close is close enough?

INDUSTRY VOICES -

INDUSTRY VOICES -

A point of no return for pension funds can be a 60% funding ratio. But that point can be used to define a risk appetite and as a planning tool.
Union discussing contribution increase for USS

Pension Funds -

Pension Funds -

University and College Union is in talks with members about a proposal to increase employer contributions to Universities Superannuation Scheme.
PPF: Corporate pension funding dips in December, but up for the year

Pension Funds -

Pension Funds -

The total deficit of all defined benefit funds covered by the PPF 7800 index grew 18.5% in December to £104 billion ($140 billion).
Graphic: Public pension funds look more to alternatives
Both state and local pension plans saw their alternative asset exposure increase at the end of 2015, data show.
U.K. extends defined ambition consultation; industry split on appropriateness

Defined Contribution -

Defined Contribution -

The U.K. government gave the industry until the end of the month to contribute to the defined ambition inquiry launched in November.
Corporate pension funding on the upswing in 2017 – 3 reports

PENSION FUNDS -

PENSION FUNDS -

The funded status of U.S. corporate pension plans rose in 2017 as asset growth outpaced liabilties, said reports from three firms.
NISA's Pension Surplus Risk index declines 210 basis points in 2017

Pension Funds -

Pension Funds -

NISA Investment Advisors' Pension Surplus Risk index fell 10 basis points to 6.7% in December and was down 210 basis points over the year.
U.S. corporate pension funding holds steady or improves slightly — 2 reports

Pension Funds -

Pension Funds -

The funded status of U.S. corporate pension plans stayed the same or showed slight improvement in the fourth quarter, two reports find.
Willis Towers Watson: U.S. corporate pension funding increases in 2017

Pension Funds -

Pension Funds -

The average funded status of the largest U.S. corporate pension plans rose an estimated 2 percentage points in 2017 to 83% as of Dec. 31.
U.K. corporate pension funding deficit drops 7% in December – report

Pension Funds -

Pension Funds -

The total deficit of all corporate U.K. defined benefit funds fell 6.8% over the month and dropped 19.8% over the year ended Dec. 31.
Houston gets $1 billion from bond offering to ease pension underfunding

Pension Funds -

Pension Funds -

Houston has issued $1.01 billion in pension obligation bonds to help reduce the city's $8.2 billion in unfunded pension liabilities.
Moody's: Local government pension liabilities soar in fiscal year 2016

PENSION FUNDS -

PENSION FUNDS -

Adjusted net pension liabilities for the 50 largest local governments totaled $456 billion in at the end of fiscal year 2016, up from $390 billion.
Borrowing to fund contributions, a trend not likely to continue
U.S companies have sold more than $15 billion in bonds since 2016 with the specific purpose of funding their pension liabilities.
Atlanta passes ordinance to consolidate 3 city pension fund boards

Pension Funds -

Pension Funds -

Atlanta's City Council passed an ordinance to consolidate the city's three pension fund boards, although it will likely be challenged.