Corporate pension plans
News and video about Corporate pension plans from Pensions & Investments.
U.K.'s Pensions Regulator highlights importance of employer contributions to plug deficits
truePension funds that cannot afford to take higher risk to help plug growing deficits should turn to their employer for increased contributions, so they do not have to extend their recovery plan end date, said The Pensions Regulator.
Corporate pension funds again top BNY Mellon Master Trust Universe
trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was 2.4% in the first quarter of 2015, up from 1.62% in the fourth quarter of 2014 and driven by strong returns in non-U.S. equities and real estate.
Penbridge unveils risk transfer index
truePenbridge Advisors, a pension risk transfer advisory firm, has launched its Pension Risk Transfer index, which measures the typical premium an insurance company would charge a generic defined benefit plan for a group annuity buyout.
Verizon deal for AOL would add more than $600 million in DC plan assets
trueVerizon Communications Inc., New York, announced Tuesday it plans to purchase AOL Inc., New York, for about $4.4 billion in a deal that would add more than $600 million in assets to the telecommunications provider’s defined contribution plans.
U.K. pension funding deficit falls 17% in April
trueThe aggregate deficit of occupational pension funds covered by the U.K. Pension Protection Fund’s 7800 index decreased 17.2% to £242.3 billion ($367 billion) in April as gilt yields rose.
Ashland makes lump sum/annuity offer to 21,000 pension fund participants
trueAshland Inc. will offer lump sums or immediate reduced annuities to about 21,000 terminated vested pension fund participants who have yet to retire, said an 8-K filing with the Securities and Exchange Commission on Friday.
Milliman: Corporate funding ratios climb in April on discount rate rise
trueThe funded status of the 100 largest U.S. corporate defined benefit plans improved to 82.6% at the end of April, up 170 basis points from March, the Milliman 100 Pension Funding index showed Thursday.
Corporate pension funding ratio improves in April as liabilities fall
trueThe funded status of U.S. corporate defined benefit plans improved in April on account of falling liabilities, said reports from Wilshire Consulting and Mercer.
LV= Pension Fund taps BlackRock for liability hedging
trueLV= Pension Fund hired BlackRock to manage a liability-hedging strategy for the £1.2 billion pension fund ($1.8 billion).
Mercer: FTSE 350 pension deficit improves slightly in April
trueThe aggregate deficit of the pension funds for U.K. FTSE 350 companies increased marginally in April, by 0.8% to £128 billion ($193.8 billion).
Northern Trust: Corporate pension funds record top performance for fourth straight quarter
trueInstitutional asset owners in the Northern Trust Universe returned a median 2.3% in the first quarter of 2015, the company announced on Tuesday.
PBGC to pay $5.5 million to retired US Airways pilots
trueThe PBGC will pay $5.25 million to a group of retired US Airways pilots whose lump-sum payments were delayed, under a class-action settlement approved by the U.S. District Court for the District of Columbia.
BNY Mellon: Corporate pension funding tops 90% for first time in 8 months
trueThe funded status of the typical U.S. corporate defined benefit plan rose 2.9 percentage points to 90.1% in April as liabilities fell and assets increased, said the BNY Mellon Institutional Scorecard.
Growing pension deficits cause fallout for U.K. corporations
trueThe defined benefit plan's role in a corporation is once again becoming increasingly important for U.K. companies, industry experts say.
U.K. corporate pension fund deficit ticks down in April
trueThe total deficit of all U.K. corporate pension funds decreased 3% in April to £261 billion ($390 billion), said the latest analysis by JLT Employee Benefits.