Corporate pension plans
News and video about Corporate pension plans from Pensions & Investments.
BP America CIO leaves for post with American Red Cross
trueGregory T. Williamson, Chicago-based chief investment officer of BP America Inc. and director-trust investments, the Americas, BP PLC, was named CIO of the American Red Cross.
Kraft, Heinz deal would combine $13.3 billion of retirement assets
trueThe merger of Kraft Foods Group Inc., Northfield, Ill., and H.J. Heinz Co., Pittsburgh, could create a single company with combined retirement assets of about $13.3 billion.
John Heathcoat pension fund selects Punter Southall for actuarial, investment services
trueJohn Heathcoat Pension Scheme hired Punter Southall to provide actuarial, administration, risk and investment services.
Lloyds Banking Group chooses interim pension CIO
trueLloyds Banking Group appointed a unit of Momentum Global Investment Management to act as chief investment officer for its retirement plans.
U.K. companies increasing pension fund amortization periods
trueCompanies are increasingly lengthening their pension fund amortization periods by three years or more in an effort to relieve pressure on repairing funding gaps, new research shows.
Employers must disclose pension derisking efforts to PBGC
trueEmployers that derisk their pension funds now have to disclose risk transfer information to the Pension Benefit Guaranty Corp. as part of paying their annual pension insurance premiums to the federal agency.
DuPont Capital recruits 2 for business development, relationship management
trueWilliam W. Smith Jr. was named principal, business development at DuPont Capital Management and Paul Leahy was named head of relationship management at the firm, spokeswoman Sara Minar said.
Tesco pension fund invests in U.K.'s Pensions Infrastructure Platform
trueThe defined benefit plan of Tesco PLC has become the latest investor in the U.K.'s Pensions Infrastructure Platform.
U.K. corporate pension funding rebounds in February to 83.6%
trueThe aggregate deficit of occupational pension funds covered by the U.K. Pension Protection Fund’s 7800 index decreased 32.3% to £248.7 billion ($374.8 billion) in February.
Milliman: February funded status gains help offset dismal January results
trueThe funded status of the 100 largest U.S. corporate defined benefit plans improved to 83.3% at the end of February, up 370 basis points from January, the Milliman 100 Pension Funding index shows.
Corporate contributions top $17 billion to start 2015
trueFifty-one companies so far have announced they will contribute a combined $17.35 billion to their pension funds in 2015.
Philadelphia Gas Works issues call for value equity managers
truePhiladelphia Gas Works Retirement Reserve is seeking an active domestic large-cap value equity manager to run $39 million and an active domestic small-cap value equity manager to run $23 million.
BP charts $4.72 billion in contributions to U.K. pension funds through 2021
trueBP PLC expects to contribute a total of $4.72 billion to its U.K. defined benefit plans through 2021, said its annual report released Tuesday.
Bell Canada transfers C$5 billion in pension liabilities to Sun Life in longevity swap
trueBell Canada Pension Plan on Tuesday said it transferred C$5 billion (US$4 billion) in pension liabilities for current retirees to Sun Life Financial under a longevity insurance agreement.
'$20 billion club' sees liabilities jump in 2014 on new mortality tables, falling rates
trueThe collective funded status of 19 U.S. publicly listed corporations with more than $20 billion in pension liabilities, fell in 2014 as liabilities rose faster than assets. said an annual report from Russell Investments.