PENSIONS

Public pension funds slow to move on climate change risk: study

Public pension funds slow to move on climate change risk: study

Published 09/09/2018

LONDON (Reuters) - Most of the world’s largest public pension funds are providing little or no information about how climate change will affect the value [more…]

World’s top pension funds grow assets 15.1 percent in 2017: study

World’s top pension funds grow assets 15.1 percent in 2017: study

Published 03/09/2018

LONDON (Reuters) - The world’s 300 largest pension funds grew assets under management by 15.1 percent in 2017 to reach a combined value of $18.1 [more…]

Chicago teachers pension fund divesting from private prisons

Chicago teachers pension fund divesting from private prisons

Published 17/08/2018

NEW YORK (Reuters) - The Chicago Teachers’ Pension Fund’s board of trustees voted on Friday to phase out investments in companies that run private prisons [more…]

Ohio workers’ pension fund woes are symbolic of national problem

Ohio workers’ pension fund woes are symbolic of national problem

Published 27/07/2018

CHICAGO (Reuters) - Roberta Dell has worked for 46 years making lollipops, and she loves her job. But she worries that retirement may not be [more…]

U.S. Treasury yield curve flattening to intensify with U.S. pension…

U.S. Treasury yield curve flattening to intensify with U.S. pension…

Published 25/04/2018

NEW YORK (Reuters) - Corporate pensions are shifting a chunk of their $1.55 trillion in assets into fixed income, which may be sizeable enough to [more…]

Exclusive: Mexican state pension fund spent millions on failing…

Exclusive: Mexican state pension fund spent millions on failing…

Published 12/03/2018

FILE PHOTO: The logo of Mexican construction company ICA is seen in Mexico City, March 8, 2016. REUTERS/Edgard GarridoMEXICO CITY (Reuters) - Mexico’s state workers’ [more…]

U.S. pensions stuck in the red despite stock market boom

U.S. pensions stuck in the red despite stock market boom

Published 15/09/2017

While U.S. corporate pensions regained some swagger after Wall Street’s record run this summer, they are still far from their heyday before the 2007-2009 credit crunch when they appeared to be in great shape to meet retirement obligations. [more…]

U.S. insurers sense opportunity in unwanted pension plans

U.S. insurers sense opportunity in unwanted pension plans

Published 14/02/2017

U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values give companies the perfect excuse to offload them.

[more…]

Despite risks, public pensions put faith in long-term returns

Despite risks, public pensions put faith in long-term returns

Published 06/02/2017

As yields on risk-free Treasuries fell, private pension plans lowered their investment return assumptions but public plans did not. Instead, public pensions invested in risky assets. REUTERS/Graphics

U.S. public pension funds are cutting their expectations for investment returns over the next 30 years or more, but some do not expect to meet even the new targets over the coming decade.

[more…]

Timeline: Caisse public transit project in Montreal

Timeline: Caisse public transit project in Montreal

Published 19/09/2016

The following timeline charts the schedule for Quebec's pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer (41.63 miles)public transit system in Montreal, the third largest automated transportation system in the world behind those in Dubai and Vancouver.

[more…]