Funding ratios for U.S. corporate pension plans increased in April, driven by strong equity markets.
The move could reflect a desire to lessen GPIF's reliance on equity beta as a long-lived stock market rally stretches into extra innings.
New York State Teachers reported a 9.6% return on investments for the quarter ending Dec. 31 and announced several one-year renewals.
Tulare County Employees' Retirement Association narrowed down the finalists for its investment consultant search to three firms.
Melrose Industries plans to contribute about $138 million to its GKN U.K. defined benefit funds through an asset sale.
PFA Pension posted a 6.3% gross return on its investments in the first quarter, boosted by the performance of its equity portfolio.
Oklahoma City Employees Retirement System increased its overall target to equities and reduced its overall exposure to fixed income.
Illinois has enacted a law to remove age-based restrictions on annual COLAs for some participants in the Chicago firemen's pension fund.
Funding ratios for corporate pension plans increased in March on a monthly and quarterly basis.
San Joaquin County Employees' Retirement Association placed PIMCO on watch for an emerging markets equity portfolio.
Public Investment Corp. expects platinum miners to continue making bumper payouts as tighter vehicle-emission rules boost metals demand.
An asset allocation review prompted Illinois State Board of Investment to reduce targets for two portfolios and boost targets on others.
CalPERS had reduced the number of finalists for its next CIO to three, but the fund has suspended its search without making an offer.
NatWest Group contributed $691 million to its main pension fund following an agreement to buy back shares from the U.K. government.
CalSTRS officials revised a policy to add alternative investments to the fund's sustainable investment and stewardship strategies portfolio.
Occidental Petroleum Corp. expects to contribute a total of at least $170 million to its global pension plans in 2021.
Funding ratios for corporate pension plans increased in February, as Treasury rates rose in the latter half of the month.
H.I.G. Group and The Pensions Regulator agreed to a $35 million settlement in an anti-avoidance case relating to Silentnight's pension fund.
Media group Reach agreed a $168 million buy-in with Rothesay for its West Ferry Printers Pension Scheme.
Real estate company Alexander & Baldwin will terminate its two pension plans later this year.
Arconic Corp. purchased a group annuity to transfer about $245 million in U.S. pension plan assets to cover $240 million in liabilities.
Kellogg Co. purchased a group annuity contract from an insurance company to complete a pension buy-in transaction for its U.K. pension plan.
British Airways will defer $630 million in contributions to the New Airways Pension Scheme to help support the sponsor through COVID-19.
Illinois State Universities Retirement System made a follow-on commitment of $100 million to Carlyle Property Investors real estate fund.
Principal Financial Group is considering making voluntary contributions of up to $100 million to its defined benefit plans in 2021.