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Milliman analysis: Rising discount rates lift corporate pension funding status for second straight month in October

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Monday, November 6, 2023

Data Analytics, Consulting, Accounting, Professional Services, Human Resources, Milliman, PFI, Pension fund

Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

Key Points:

Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
During October, the Milliman 100 PFI funding ratio rose from 103.6% at the end of September to 104.2% as of October 31.
Another sizeable jump in discount rates—this month of 36 basis points, from 5.84% in September to 6.2% in October—contributed to the improvement and helped to offset October’s ‑2.68% investment returns, the third straight month of losses.
“While plan assets fell for the third consecutive month, discount rates rose yet again, this time breaching the 6% threshold.

Milliman analysis: Corporate pension funding status returns to year's highest level thanks to surge in discount rates

Retrieved on:

Friday, October 6, 2023

Milliman, Movement, PFI, Pension fund, Cryptocurrency

SEATTLE, Oct. 6, 2023 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

Key Points:

During September, the Milliman 100 PFI funding ratio rose from 103.1% at the end of August to 103.6% as of September 30.
A substantial 43-basis-point jump in the monthly discount rate, from 5.41% in August to 5.84% in September, drove this result.
Discount rates have not risen this much since September 2022 and have not been this high since March 2010.
Over the quarter, amid fluctuating returns and discount rates, the plans' funded surplus improved by $12 billion.

SLC Management announces new co-heads of Private Fixed Income business

Retrieved on:

Thursday, October 5, 2023

and TORONTO, Oct. 5, 2023 /PRNewswire/ - SLC Management, the US$273B (C$361B) institutional fixed income and alternatives asset manager, is pleased to announce changes to the firm's Private Fixed Income (PFI) team.

Key Points:

and TORONTO, Oct. 5, 2023 /PRNewswire/ - SLC Management, the US$273B (C$361B) institutional fixed income and alternatives asset manager, is pleased to announce changes to the firm's Private Fixed Income (PFI) team.
Sam Tillinghast, Head of Private Fixed Income, SLC Management, has announced his intention to retire, effective December 31, 2023.
Liz Thorne, Managing Director, Private Fixed Income and ESG, SLC Management will lead the Corporate Private Placements team and Petra Wendroth, Managing Director, Portfolio Manager, Private Fixed Income, SLC Management, will lead PFI Portfolio Management for clients in the U.S. and Canada.
Ms. Wendroth joined SLC Management in 2012, specializing in structuring and underwriting private fixed income investments, including senior middle-market corporate loans and infrastructure transactions as well as managing various private fixed income portfolios.

Agam Capital Advises PFI in Its Formation and Launch of Prismic Life Reinsurance, Ltd.

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Thursday, September 7, 2023

Agam Capital (“Agam”), an analytics driven platform strategically partnering with insurance companies to explore opportunities to enhance their financial flexibility, is advising Prudential Financial, Inc. (“PFI”), a US-based global financial services leader and premier active global investment manager, in the formation and launch of Prismic Life Reinsurance, Ltd. (“Prismic”), a Bermuda-domiciled Class E life and annuity reinsurer.

Key Points:

Agam Capital (“Agam”), an analytics driven platform strategically partnering with insurance companies to explore opportunities to enhance their financial flexibility, is advising Prudential Financial, Inc. (“PFI”), a US-based global financial services leader and premier active global investment manager, in the formation and launch of Prismic Life Reinsurance, Ltd. (“Prismic”), a Bermuda-domiciled Class E life and annuity reinsurer.
Separately, Agam and Prismic have entered into a long-term Management Services Agreement (“MSA”) whereby Agam will continue to leverage its industry-leading asset and liability management and enterprise risk management expertise to support Prismic and its future growth.
Agam’s Co-Founders, Chak Raghunathan and Avi Katz, said, “The launch of Prismic is a milestone event in the continued growth of the Bermuda reinsurance market.
Offering the only end-to-end enterprise wide risk and capital analytic solution, Agam empowers strategic decision makers towards their capital optimization goals.

Milliman analysis: Corporate pension funding declines in August as assets suffer losses

Retrieved on:

Monday, September 11, 2023

PFI, Milliman

SEATTLE, Sept. 11, 2023 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

Key Points:

SEATTLE, Sept. 11, 2023 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
The Milliman 100 PFI funding ratio dropped from 103.6% at the end of July to 103.3% as of August 31, ending the month with a $43 billion surplus for these plans.
Asset losses for the month outweighed liability gains, which fell as a result of the 16 basis point increase in the monthly discount rate.
To see Milliman's full range of annual Pension Funding Studies, go to https://www.milliman.com/en/retirement-and-benefits/pension-funding-studies .

Milliman analysis: Corporate pension funding status improves for third straight month in July

Retrieved on:

Monday, August 7, 2023

Milliman, PFI, Pension fund

SEATTLE, Aug. 7, 2023 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

Key Points:

SEATTLE, Aug. 7, 2023 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
During July, the Milliman 100 PFI funding ratio rose from 102.5% at the end of June to 103.6% as of July 31.
"July was a win-win for pension funding," said Zorast Wadia, author of the PFI.
To receive regular updates of Milliman's pension funding analysis, contact us at [email protected] .

PharmaForce International: Leading US Oncology Companies are Favoring Value Over Volume Strategies in 2023

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Thursday, August 3, 2023

Oncology, PFI, Drug development, Marketing, Prescription, Intelligence, Multimedia, HCP, Full-time equivalent, Patient, United Kingdom, Small Business Saturday, Benchmarking, Retail, Nursing

READING, Pa., Aug. 3, 2023 /PRNewswire/ -- PharmaForce International (PFI) recently published a report that benchmarks the commercial operations and marketing expenditures of leading Oncology organizations in the United States.

Key Points:

READING, Pa., Aug. 3, 2023 /PRNewswire/ -- PharmaForce International (PFI) recently published a report that benchmarks the commercial operations and marketing expenditures of leading Oncology organizations in the United States.
As selling strategies are ever-changing, the competitive Oncology market is constantly seeing new trends.
A notable finding among these key trends is the move toward "value over volume" strategies.
In favor of value-based approaches, many Oncology companies profiled within the report have started to diverge from the traditional volume-based approaches.

Evantic, a Portfolio Company of Edgewater Capital Partners, Acquires Plastic Distributors and Fabricators, LLC

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Tuesday, July 25, 2023

International Association of Plastics Distributors, PFI, CNC, Metal fabrication, Edgewater, Taft Stettinius & Hollister, PDF, Polymer, 3D printing, Evant Independent School District

HOUSTON, July 25, 2023 /PRNewswire/ -- Evantic, a portfolio company of Edgewater Capital Partners, in continuing its strategy as an advanced materials and design engineered components platform, has acquired Plastic Distributors and Fabricators, LLC ("PDF").

Key Points:

HOUSTON, July 25, 2023 /PRNewswire/ -- Evantic, a portfolio company of Edgewater Capital Partners, in continuing its strategy as an advanced materials and design engineered components platform, has acquired Plastic Distributors and Fabricators, LLC ("PDF").
PDF is a manufacturer and fabricator of high-precision, difficult to machine plastic components.
PDF joins Evantic's existing portfolio of innovative providers of high-performance engineered solutions, Altamira Material Solutions, Precision Fluorocarbon and Vertec Polymers.
"Our strong prototyping, fabrication, advanced machining capabilities and additional capacity will complement Evantic's existing portfolio of competencies," stated Mark Abare, President of Plastic Distributors and Fabricators.

Milliman analysis: Corporate pension funding status improves in June for second straight month

Retrieved on:

Monday, July 10, 2023

Milliman, PFI, Pension fund

SEATTLE , July 10, 2023 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

Key Points:

SEATTLE , July 10, 2023 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
During June, the Milliman 100 PFI funding ratio rose from 100.7% at the end of May to 102.2% as of June 30.
To see Milliman's full range of annual Pension Funding Studies, go to https://www.milliman.com/en/retirement-and-benefits/pension-funding-studies .
To receive regular updates of Milliman's pension funding analysis, contact us at [email protected] .

Umpqua Bank Faces Second Lawsuit by Ponzi Scheme Victims

Retrieved on:

Monday, June 5, 2023

Class Action Lawsuit, Professional Services, Legal, Transfer, Ponzi scheme, Communication, PFI, Charles Ponzi, Record, Complaint, Kenneth J. Casey, Umpqua Holdings Corporation, Investment, Eric Gibbs, Vlachs, Fraud, Cryptocurrency

A new lawsuit has been filed against Umpqua Bank, a regional bank based in Portland, Oregon, for allegedly aiding and abetting a massive, decades-long Ponzi scheme by Professional Financial Investors (PFI).

Key Points:

A new lawsuit has been filed against Umpqua Bank, a regional bank based in Portland, Oregon, for allegedly aiding and abetting a massive, decades-long Ponzi scheme by Professional Financial Investors (PFI).
Oakland-based Gibbs Law Group, along with Silver Law Group, represents PFI investors in this lawsuit as well as the class action lawsuit filed in 2020.
This meant that Umpqua's Novato branch must have known Casey and Wallach were fraudulently transferring newly deposited investor funds to their personal bank accounts.
PFI investors who would like to learn more about their legal rights in the Umpqua Bank PFI Ponzi Scheme Class Action Lawsuit may contact our team at (510) 350-9722.