US - The Massachusetts Pension Reserve Investment Trust Fund (PRIT) has announced results for the 2007 fiscal year, showing strong growth above benchmarks.
The $50.4bn (€34bn) PRIT invests assets on behalf of the Massachusetts State Teachers' and Employees' Retirement Systems as well as some county, authority, district and municipal retirement systems that have come on board.
Assets grew by just under $9bn from $41.9bn in 2006, and net investment income was $8.7bn compared to $5.5bn the previous year.
Over the year, it said it faced three onerous legal problems including the issue of Sudanese divestment, and the possible loss of its charitable, tax-exempt status by the Internal Revenue Service due to the integration of several 'under-performing' and smaller pension funds.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers