US - Exxon Mobil poured US$3bn into its pension scheme during the second quarter, David Rosenthal, secretary and vice president of investor relations said in an earnings call yesterday.
He said the contributions were made to meet funding requirements. The company had previously said it would make $4.6bn in pension contributions this year.
Rosenthal said: "We made about a billion in the first quarter another three in the second quarter, so we would expect...about another $600m across the balance of the year."
Exxon's US and non-US pension funds had $17.9bn in assets as of December 31, according to its most recent annual report. Assets are down 35.6% from the previous year.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.