According to most analysts, the fall in discount rates raised liabilities by more than the growth in equities, leading to deterioration of funded status in March.
A Republican-introduced bill in North Carolina would make it state policy to “assist private sector working households” in saving for retirement.
Federal Reserve Chairman Jerome Powell says the FOMC remains 'strongly committed to bringing inflation back down to our 2% goal.'
Overall, U.S. corporate pension funding levels experienced a slight increase last month.
Funding levels improved most for pension funds that have significant weighting towards equities, said Agilis.
December equity performance reduced pension funding levels from highs earlier in the year.
Morgan Stanley grows its retirement offering with purchase of 401(k) robo-adviser Blooom's technology. Former Blooom customers are back in the hands of their recordkeepers.
The financing will allow the union pension to both satisfy monthly payments to beneficiaries and provide make-up payments.
CEO David Ramirez says the firm will drop its lawsuit against the DOL so long as the agency confirms its warning on cryptocurrency does “not have the force...
Traders favored stable value funds, with outflows coming from target-date funds and company stocks.
Among do-it-yourself investors, allocation to ESG funds is ‘relatively modest when offered in the core menu,’ shows research paper from PGIM and EBRI.
A potential backlash on ESG investing along with confusion over DOL guidance led to a 14% drop in ESG implementation by institutional investors, including large pension and DC...
Investment in the asset class is up 7.4% this year, an index shows, but few DC plan sponsors are offering it to participants, say industry experts.
Bank of America analyst says outsized federal aid led to inflation and rate increases.