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4 12, 2018

Companies must address ESG issues to be deemed trustworthy by investors

2018-12-04T16:32:16+00:00

Most institutional investors demand public companies address environmental, social and governance issues to be regarded as trustworthy, said a survey released by Edelman. Results of the second annual Edelman Trust Barometer Special Report: Institutional Investors show that 89% of investors have changed their voting and/or engagement policy to be more attentive to ESG practices, with 63% reporting that this change has taken place in the past year. "It's plain as day that ESG is a major criteria for investors," [...]

Companies must address ESG issues to be deemed trustworthy by investors2018-12-04T16:32:16+00:00
4 12, 2018

Missing Deadline, Joint Committee Continues Work on Multiemployer Pension Crisis

2018-12-04T16:27:12+00:00

When the bipartisan Joint Select Committee on the Solvency of Multiemployer Pension Plans was created early this year, it was tasked with coming up with a solution by November 30. Senators and co-chairmen Orrin Hatch, R-Utah, and Sherrod Brown, D-Ohio, said they missed this deadline, but that the committee is making strong progress and will continue working on a package of potential solutions during the lame-duck session of the 115th Congress. Anyone who has listened in on the committee’s various [...]

Missing Deadline, Joint Committee Continues Work on Multiemployer Pension Crisis2018-12-04T16:27:12+00:00
28 11, 2018

House proposes ambitious tax package with retirement provisions

2018-11-28T13:52:43+00:00

A legislative tax package with several retirement savings ideas promoted in both the House and Senate was introduced late Monday by House Republicans. One part of the 297-page tax package is the proposed Retirement, Savings and Other Tax Relief Act of 2018. It builds on the Family Savings Act passed by the House in September and incorporates several provisions from the Senate's proposed Retirement Enhancement and Savings Act of 2018, which has not been voted on. A House version [...]

House proposes ambitious tax package with retirement provisions2018-11-28T13:52:43+00:00
27 11, 2018

Americans are retiring at an increasing pace

2018-11-27T14:40:22+00:00

The number of Americans retiring daily has nearly doubled since the year 2000. Currently, roughly 10,000 people turn 65 each day, the standard age for retirement, according to a Deutsche Bank note published Tuesday. And according to Census forecasts, that number is set to rise. It will reach nearly 12,000 people within the next 10 years. By 2030, according to the Census Bureau, all baby boomers will be older than 65. The growth in retiring baby boomers will have [...]

Americans are retiring at an increasing pace2018-11-27T14:40:22+00:00
27 11, 2018

Lawmakers considering multibillion-dollar bailout for some retirees with failing pensions

2018-11-27T14:38:18+00:00

Lawmakers on Capitol Hill are considering a multibillion-dollar bailout for retirees who are members of certain collapsing pension plans, The Washington Post reported Tuesday. The proposal, a draft of which was obtained by the Post, would require the Treasury Department to spend as much as $3 billion annually to subsidize payments for retirees enrolled in designated pensions. The bailout is one of several proposals under consideration by a special congressional committee wrestling the pension crisis. Lawmakers are also considering solutions such as new [...]

Lawmakers considering multibillion-dollar bailout for some retirees with failing pensions2018-11-27T14:38:18+00:00
19 11, 2018

When it comes to DB plans, what do members want to know?

2018-11-19T16:18:26+00:00

In the midst of financial literacy month, what does member education look like in a defined benefit world where members don’t have to actively make investment choices? And how much do members need to understand about investments? While financial literacy is important, DB plans allow members to prepare for retirement without being financial experts themselves, says Derek Dobson, chief executive officer of the Colleges of Applied Arts and Technology pension plan. But member education in the DB space is [...]

When it comes to DB plans, what do members want to know?2018-11-19T16:18:26+00:00
7 11, 2018

DB pension returns power through a difficult autumn

2018-11-07T13:28:58+00:00

For the first time since the Financial Services Commission of Ontario began monitoring defined benefit pension solvency in 2009, the province’s DB plans posted a median solvency ratio above 100 per cent in the third quarter of 2018. As of Sept. 30, the solvency ratio reached 101 per cent, up from 97 per cent the previous quarter. The FSCO attributed the improved status mainly to the reduced liabilities stemming from higher long-term Canadian bond yields. Conversely, Canadian equities suffered from the uncertainty surrounding [...]

DB pension returns power through a difficult autumn2018-11-07T13:28:58+00:00
24 10, 2018

Re-elect Xander den Uyl in the Board of PRI

2018-10-25T08:15:38+00:00

As a long-time pension fund board member representing trade unions and pensioners, I have been active in the field of responsible investment by pension funds since the nineties. I firmly believe that PRI has played and must play an important role in mainstreaming responsible investing for institutional investors. This is especially the case for pension funds, as they play such an important role in generating benefits for an aging population. As responsible investment continues to move towards mainstream acceptance, [...]

Re-elect Xander den Uyl in the Board of PRI2018-10-25T08:15:38+00:00
18 10, 2018

Funded Ratio for Corporate Pensions Hits 10-Year High

2018-10-18T14:07:34+00:00

The funded status of the 100 largest corporate defined benefit pension plans rose to 94.5% during September from 93.3% at the end of August, its highest level in a decade, according to consulting firm Milliman. The latest data from the Milliman 100 Pension Funding Index (PFI) shows that the pension plans experienced a $21 billion increase in funding as a result of an increase in the benchmark corporate bond interest rates used to value pension liabilities. The last time [...]

Funded Ratio for Corporate Pensions Hits 10-Year High2018-10-18T14:07:34+00:00
15 10, 2018

Critical and declining multiemployer plans need help from Congress, Segal Consulting says

2018-10-15T14:40:45+00:00

Critical and declining multiemployer pension plans are not likely to recover without help from Congress, a study released Tuesday by Segal Consulting concluded. Critical and declining plans classified as being in the red zone are projected to be insolvent, generally within the next 20 years, putting participants, including retirees, at risk of reduced benefits. Segal Consulting analyzed red-zone multiemployer plans over the past 10 years, and found that for plans that were in the red zone in 2010, there [...]

Critical and declining multiemployer plans need help from Congress, Segal Consulting says2018-10-15T14:40:45+00:00
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