The European Union’s climate chief expects to attract the financial firepower of some of the bloc’s biggest pension funds to help modernize power grids.

An industry group that advocates for putting private assets in the roughly $12.5 trillion held in 401(k)s called for plan administrators to evaluate such investments with the same standards used for ...

Pinnacle West Capital will pay $7 million to settle allegations that it violated federal law by shortchanging certain retirees by using outdated mortality data in calculating payment formulas.

The board of the $558.2 billion California Public Employees’ Retirement System, Sacramento, approved the measure to support the legislation during a July 16 offsite in Monterey, Calif.

Paul Kelly, formerly of DWS Group, has joined Bain Capital as chief operating officer of the firm’s credit business.