The aggregate funded ratio for US corporate pension plans increased by 0.7 percentage points in June to end the month at 82.7 per cent, according to Wilshire Consulting, the institutional investment advisory and outsourced-CIO business unit of Wilshire Associates.
The Tyne and Wear Pension Fund, administered by South Tyneside Council, has invested GBP650 million in the Future World Index Equity Fund range, managed by Legal & General Investment Management (LGIM), as part of its ongoing commitment to generating sustainable long-term returns in a responsible manner.
RiskFirst, a Moody’s Analytics company, has integrated Guaranteed Minimum Pension (GMP) capabilities into the PFaroeDB solution, its flagship defined-benefit (DB) pension scheme analytics platform.
Norwegian pension fund Fellesordningen for AFP has selected eVestment, a global institutional investment data and analytics provider, to help the organisation better select and monitor asset managers and to more efficiently manage the pension’s data collection and review processes.
Pension funds are earmarking more money to be invested in climate-linked passive assets, as a survey of pension plans finds that over half still have no allocation at all toward the asset class.
The Trustee of the General Healthcare Group Pension & Life Assurance Plan has now secured a GBP150 million insurance contract with Aviva to cover all 700 of its defined benefit members.
CLS, a market infrastructure group delivering settlement, processing and data solutions, has welcomed Afore Citibanamex as its first Mexican pension fund on its payment-versus-payment (PvP) FX settlement service, CLSSettlement, as a third-party participant.
Defined benefit pension schemes in the UK could face an extra GBP5 billion of funding pressure if the level of inflation turns negative in coming months, according to an analysis by pension consultancy LCP.
The UK’s Financial Conduct Authority has taken steps to improve the advice given to those considering transferring their defined benefit pensions, by banning financial advisers from “contingent charging”. The practice has, in the past, allowed financial advisers to charge for advice only if a transfer goes ahead.
US corporate pension plans got a 0.8 percentage point increase in aggregate funded ratio in May, ending the month at 82.0 per cent, according to Wilshire Consulting, the institutional investment advisory and outsourced-CIO business unit of Wilshire Associates Incorporated.