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Moody's: PBGC multiemployer deficit is a credit negative for plan sponsors
trueA growing deficit in the Pension Benefit Guaranty Corp.'s multiemployer pension program is a credit negative for multiemployer plan sponsors, Moody's Investors Service said in a report issued Monday.
Voya picks senior vice president for DC business
trueMary Witherow was hired as senior vice president and head of relationship management for the large corporate market of Voya Financial’s retirement business.
Alaska Permanent falls 4.4% in third quarter
trueAlaska Permanent Fund Corp. returned -4.4% for the quarter ended Sept. 30, ahead of its -5.5% benchmark.
PBGC deficits rise in fiscal year 2015, annual report says
trueDeficits in both single-employer and multiemployer pension programs increased for the fiscal year ended Sept. 30, the Pension Benefit Guaranty Corp. reported in its annual report released Tuesday.
BNY Mellon Master Trust Universe falls 4.67% in quarter
trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was -4.67% in the quarter ended Sept. 30.
Dutch pension fund PFZW to halve investments in 'most polluting' companies
trueDutch pension fund PFZW announced Tuesday it intends to cut in half its holdings in companies that produce the largest carbon dioxide footprint by 2020.
Proposed rules for state secure choice plans released by DOL
trueThe Department of Labor on Monday released proposed rules that would allow states to set up mandated payroll deduction IRA programs for private-sector employees, along with interim guidance to encourage states to consider other defined contribution programs.
Fee conundrum continues to confound asset owners
trueIdentifying and understanding all investment management fees and related costs still mostly elude large asset owners, even though they've been drilling deeper to identify and track them, especially in private equity and other alternative investments, some consultants contend.
Fixing MyRA and a TSP fund
trueMyRA, the federal government's just-launched program to encourage workers without access to a workplace retirement plan to begin saving for retirement, gets off on the wrong foot and should be changed.
Design features paying off with young workers
trueDefined contribution plan-design features aimed at improving savings of all participants often are having their biggest impact on the youngest workers.
Moody's: Falling commodity prices could start draining sovereign wealth funds
trueSovereign wealth funds could see their assets decline or growth slow as falling commodity prices put increasing pressure on governments to use those assets to fill budget gaps, said a report released Thursday by Moody’s Investors Service.
Senate approves final defense bill with retirement reforms
trueThe Senate on Tuesday passed a revised defense spending bill that includes reforms to the military retirement system.
Merchant Navy Ratings Pension Fund taps Towers Watson as fiduciary manager
trueMerchant Navy Ratings Pension Fund hired Towers Watson as fiduciary manager.
Norway's sovereign wealth fund could look to add $86 billion in real estate
trueThe world's largest sovereign wealth fund says the optimal level of property investments might mean putting another $86 billion into real estate, singling out Asia as a hot spot for growth.
ERISA Industry Committee asks IRS, Treasury for lump-sum clarifications
trueThe ERISA Industry Committee on Thursday asked officials at the Department of Treasury and the IRS to clarify their July 9 decision to no longer permit lump-sum payments to people already receiving benefits.