Not-for-profit pension plans
News and video about Not-for-profit pension plans from Pensions & Investments
United Nations seeks custodian for pension fund, endowment
trueUnited Nations Investment Management Division is searching for a global custodian and master record keeper for its pension fund and endowment.
Ascension class-action settlement proposed in church plan lawsuit
truePlan participants challenging Ascension Health Alliance's church plan status have agreed to settle, according to preliminary settlement documents filed May 7.
Church of England divests from thermal coal, tar sands companies
trueThe Church Commissioners and The Church of England Pensions Board, London, will divest £12 million ($17.9 million) of exposure to thermal coal and tar sands.
Law Society of Scotland taps Punter Southall for DB services
trueLaw Society of Scotland hired Punter Southall to provide actuarial, administration and investment services for its pension fund.
Louisiana Parochial Employees boosts fixed income, alternatives at expense of equities
trueLouisiana Parochial Employees’ Retirement System, Baton Rouge, increased allocations to fixed income and alternatives while decreasing its allocation to public equities, said Troy Searles, chief investment officer.
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.
Exxon Mobil to disclose sustainability metrics in setting executive pay
trueWespath Investment Management, the investment division of the Glenview, Ill.-based $21 billion General Board of Pension and Health Benefits of The United Methodist Church, agreed to withdraw a shareholder proposal at Exxon Mobil Corp. after the company agreed to disclose sustainability-related ...
United Nations pension fund seeks to fill 2 investment positions
trueThe United Nations is searching for an investment management director and a European equities investment officer for the $52 billion United Nations Joint Staff Pension Fund, New York.
European Central Bank taps Deloitte as pension fund actuary
trueEuropean Central Bank hired Deloitte Consulting in Germany as actuary for its ECB Pension Funds.
University of Leicester picks Barnett Waddingham as pension fund consultant
trueUniversity of Leicester Pension & Assurance Scheme hired Barnett Waddingham as investment consultant.
Hartford HealthCare taps 6 managers in active management shift
trueHartford HealthCare, Hartford, Conn., is rebalancing about one-third of its $3 billion in pension, endowment and insurance assets to increase active management and reduce the number of external managers it uses, said David Holmgren, chief investment officer.
Society of Actuaries: Expect long-term increase to minimum required contributions
trueMinimum required contributions for private-sector defined benefit plans have dipped in recent years, but are poised to rise again in the long term, the Society of Actuaries said.
University of Reading enrolls new administrator
trueUniversity of Reading Employees' Pension Fund appointed Barnett Waddingham to provide administration services.
University of California student group calls for divestment of U.S., 8 other countries' securities
trueUniversity of California Student Association board on Sunday called for the school's board of regents to divest its endowment and other funds of securities of the United States government, according to the student group.
United Methodist manager launches passive ESG equity fund with BlackRock
trueWespath Investment Management launched a new passively managed ESG U.S. equity index fund, managed by BlackRock and benchmarked to the Russell 3000 index, the investments division of the Glenview, Ill.-based $21 billion General Board of Pension and Health Benefits of The United Methodist Church ...