Corporate DC plans
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Halliburton investor class action certified
trueA group of pension funds and other institutional shareholders can pursue a class-action lawsuit against Halliburton Co., a U.S. District Court in Dallas ordered July 27.
Northern Trust chooses new DC solutions chief
trueSabrina Bailey, a principal and U.S. defined contribution practice leader for Mercer, is leaving the company to join Northern Trust Asset Management as global head of defined contribution.
Revisions to IORP applauded in U.K.
trueA draft report on the proposal for the second iteration of the European pensions directive, known as the Institutions for Occupational Retirement Provision II, has been broadly welcomed by the U.K.’s trade body for occupational pension funds.
MIRA completes buyout with PIC for pension fund
trueThe MIRA Retirement Benefits Scheme completed a £70 million ($108.5 million) buyout with Pension Insurance Corp. for the entire pension fund.
Federal Thrift Savings Plan to explore implementing brokerage window
trueThe governing board of the Federal Thrift Savings Plan has given plan executives the go-ahead to explore adding a self-directed brokerage account for mutual funds to the plan’s investment menu.
Summit County, Colo., sticks with Milliman as record keeper
trueSummit County, Colo., rehired Milliman to provide record-keeping and administrative services for its $45 million 401(a) plan.
Mercer adds to DC team in London
trueStephen Budge will join consultant Mercer, a spokesman for the firm confirmed.
Large U.K. companies on the hook for additional investment risk
trueFTSE 350 companies are on the hook to underwrite an additional £100 billion ($155.2 billion) of investment risk within their pension funds, said a new report by Lincoln Pensions.
U.K. pension funds team up
trueThis month, the London Pensions Fund Authority and Lancashire County Pension Fund said they will go ahead with a partnership that aims to reduce costs and increase investment opportunities.
Equities a sinking allocation for corporate DB plans
trueThe heyday of equities in corporate defined benefit plans is over. Corporate pension plan allocations to equity have declined to a new low.
Comments about Dodd-Frank
trueAs with any regulatory and legislative efforts, the Dodd-Frank Act has its critics and supporters. To gauge the impact of the law, Pensions & Investments reporters reached out to regulators, architects of the bill, money managers, plan sponsors and others about its effect on institutional ...
PBGC looks to reduce reporting waivers for large plans
trueFewer large defined benefit plan sponsors will be able to skip Section 4010 reporting under a rule change the PBGC will propose shortly.
Ohio School Employees returns 3.87% in fiscal year
trueOhio School Employees Retirement System, Columbus, returned a net 3.87% in the fiscal year ended June 30, matching its benchmark, a spokesman said in an e-mail.
PSP Investment Board posts 14.5% return for fiscal year ended March 31
truePublic Sector Pension Investment Board, Montreal, returned 14.5% in the fiscal year ended March 31, a spokesman said.
CPPIB promotes from within to replace outgoing head of secondaries, co-investments
trueMichael Woodhouse was named managing director and head of secondaries and co-investments at the Canada Pension Plan Investment Board.