Corporate pension plans

News and video about Corporate pension plans from Pensions & Investments.

  1. ERISA at 40

    trueWhile the Employee Retirement Income Security Act of 1974 benefited millions of people, it did not live up to the “retirement income security” part of its name. Along with praise for what ERISA did accomplish, there are now calls for fixing what it did not.

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  1. South Korean companies required to enroll employees in retirement plans

    trueSouth Korea's government said it plans to ease rules on pension fund management and force all companies to enroll employees in private retirement plans by 2022 as it bids to improve incomes among senior citizens.

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  2. Interserve pension plan agrees to buy-in with Aviva

    trueThe trustees of the Interserve Pension Scheme, Reading, England, have agreed to a buy-in with Aviva PLC to cover £300 million ($497.8 million) of pension liabilities, said a spokesman for the sponsoring employer, Interserve PLC.

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  3. Financial services companies have best pension funding ratio — report

    trueFinancial services companies have the best funded defined benefit plans compared to other business sectors, said a report from BNY Mellon's investment strategy and solutions group.

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  4. PGL Pension Scheme conducts £900 million longevity swap

    trueThe trustees of the PGL Pension Scheme, Birmingham, England, hedged the longevity risk of £900 million ($1.5 billion) of liabilities with Phoenix Life.

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  5. Vestey Group enters into pension buyout with Rothesay Life

    trueVestey Group has conducted a £280 million ($464.4 million) bulk annuity deal with Rothesay Life for its pension fund, Western United Group Pension Scheme, London, said Ben Fowler, group head of reward and HR development for the firm.

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  6. SEC rules Timbervest violated Investment Advisers Act

    trueAn SEC administrative law judge ruled Wednesday that institutional timber manager Timbervest LLC violated terms of the Investment Advisers Act of 1940.

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  7. Lehman Brothers agrees to fully fund U.K. pension plan for buyout

    trueParticipants in the Lehman Brothers pension fund in the U.K. will receive their full retirement benefits, after an agreement to pay £184 million ($307.2 million) to fund a buyout was reached between relevant parties.

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  8. Milliman: Corporate pension plan funding inches down in July

    trueThe funded status of the 100 largest U.S. corporate pension plans dropped to 85% in July, down from 85.3% in June, said the latest Milliman 100 Pension Funding index.

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  9. Cox Enterprises ordered to pay $13.9 million to PBGC for News-Journal plan

    trueCox Enterprises Inc. will have to give the Pension Benefit Guaranty Corp. $13.9 million to cover the unfunded pension liabilities of News-Journal Corp.

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  10. Exelon picks Segall Bryant & Hamill for small-cap value equity

    trueExelon Corp. hired Segall Bryant & Hamill as a manager for its defined benefit plans.

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  11. 3 report asset owner universe returns for the second quarter and year

    trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was 3.74% in the second quarter ended June 30

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  12. U.K. accounting changes could slash pensions on balance sheets

    trueProposed changes to pensions accounting standards could wipe more than £25 billion ($42 billion) from FTSE 350 company balance sheets

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  13. ADM to offer lump-sum payments to U.S. retirees

    trueArcher Daniels Midland Co. will offer lump-sum payments to 10,000 U.S. retirees.

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