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Viewing stories published on October, 12, 2017. Click here to view latest.

ERISA Industry Committee sues to stop OregonSaves reporting demands

COURTS -

COURTS -

The ERISA Industry Committee is seeking an injunction against new reporting requirements from the Oregon Retirement Savings Board.
Bloomberg becomes first U.S. corporate plan sponsor to sign Principles for Responsible Investment

ESG -

ESG -

Bloomberg announced Thursday it had joined the Principles for Responsible Investment in its capacity as a retirement plan sponsor.
St. Joseph's Healthcare settles church-plan challenge

COURTS -

COURTS -

A settlement agreement between St. Joseph's Hospital and pension plan participants challenging its status as a church plan has been preliminarily approved.
Prudential wins appeal of 401(k) fee lawsuit

COURTS -

COURTS -

Prudential Financial Inc. has again won a lawsuit alleging it breached its fiduciary duties by receiving revenue-sharing payments.
Oak Street Real Estate Capital closes $1.25 billion fund

REAL ESTATE -

REAL ESTATE -

Oak Street Real Estate Capital closed Oak Street Real Estate Capital Fund IV at $1.25 billion.
U.S., U.K., Australian citizens struggle with retirement readiness — actuary survey

Economics -

Economics -

People in the U.S., U.K. and Australia are struggling to prepare for retirement because of increasing demands on them to manage their own risks.
Average target real estate allocations surpass 10% for first time — survey

REAL ESTATE -

REAL ESTATE -

The average target allocation to real estate by global institutional investors has exceeded 10% for the first time.
Top default funds for U.K. DC plans vary widely in returns — analysis

Defined Contribution -

Defined Contribution -

Participants of defined contribution plans in the U.K. are getting widely varying returns on their default funds.
J.P. Morgan Asset Management's AUM up 4% in quarter, 10% for year

MONEY MANAGEMENT -

MONEY MANAGEMENT -

J.P. Morgan Asset Management reported $1.945 trillion in assets under management as of Sept. 30, up 4% from three months earlier.
GPIF, World Bank to study extending ESG approach to bond investments

INVESTING/PORTFOLIO STRATEGIES -

INVESTING/PORTFOLIO STRATEGIES -

Japan's GPIF and the World Bank plan to partner on research aimed at moving ESG investments beyond equities, with initial focus on bonds.