General Electric will freeze its U.K. defined benefit funds effective Jan. 1, as part of plans to solidify its financial position.
Melrose Industries plans to contribute about $138 million to its GKN U.K. defined benefit funds through an asset sale.
NatWest Group contributed $691 million to its main pension fund following an agreement to buy back shares from the U.K. government.
Media group Reach agreed a $168 million buy-in with Rothesay for its West Ferry Printers Pension Scheme.
British Airways will defer $630 million in contributions to the New Airways Pension Scheme to help support the sponsor through COVID-19.
ATP recorded a 23.3% investment return in 2020 despite turbulence associated with the coronavirus pandemic.
Taking over as CEO of a pension fund is never going to be easy, but Blake Hutcheson did so in the midst of the global pandemic.
BT Group's pension deficit jumped to $5.1 billion over the six months ended Sept. 30, due to a reversion in credit markets.
BT Pension Scheme has pledged to achieve net-zero greenhouse gas emissions in its $67.8 billion portfolio by 2035.
Up to $104.4 billion could be wiped from defined benefit assets if the U.K. government goes ahead with plans to align inflation measures.
California Controller Betty Yee called for an emergency board meeting following the sudden resignation of CalPERS CIO Yu “Ben” Meng.
Universities Superannuation Scheme returned -1.7% for the fiscal year ended March 31, but gained an annualized 6.2% for the 5-year period.
Michael Marshall will join RPMI Railpen as head of sustainable ownership, effective in September.
Between 10% and 15% of trustees received or expect to receive a contribution deferral request from sponsoring employers due to COVID-19.
Tesco PLC recorded an increase in its group pension deficit but will eliminate most of the shortfall with a one-time contribution.
Philip Willcock will leave RPMI Railpen where he has been CEO since February.
Ford Motor's three U.K. pension funds now will offer a partial transfer option to active participants.
Tesco PLC's group pension fund deficit improved more than 20% in the six months ended Aug. 25, to £2.14 billion.
Philippe Desfosses, CEO of the Etablissement de Retraite Additionnelle de la Fonction Publique, is to leave the €30 billion pension fund.
Investment returns and company contributions helped lead to a jump in funding levels for FTSE 350 company pension funds.
The European Commission has enlisted the help of PensionEurope's Matti Leppala for its new High-Level Group of Experts on Pensions.
BT Pension Scheme saw its deficit fall 26% over the three months ended June 30 to £3.9 billion net of tax.
The Civil Aviation Authority Pension Scheme completed a £60 million buy-in with Pension Insurance Corp.
BAA Pension Scheme completed a £325 million ($436 million) buy-in with Legal & General Group.
The National Grid Electricity Group of the Electricity Supply Pension Scheme completed a £2 billion longevity swap with Zurich Assurance.