Low interest rates negated positive returns and higher contributions, according to Willis Towers Watson.
Newly formed hedge funds outperformed established managers in up- and down-markets, while long-only funds without lock-up restrictions suffered significantly during recessions.
Use of environmental, social, and governance factors increased sharply across fund types in 2016.
Plan sponsors have “scrambled” to reduce their liabilities as a result of the rising premiums, according to NEPC.
A study of 50 institutional investors found asset owners are increasingly confronting challenges beyond securities returns.
United Technologies will transfer $775 million of benefit obligations to Prudential and offer some employees a lump sum payment.
The UK chemical firm has now completed 11 transactions in three years using its innovative “umbrella” contracts.
The longer interest rates stay low, the more difficult it will be for pension funds and life insurance companies to meet liabilities.
How liability-driven investors can manage credit spread risk, according to Cambridge Associates.
Soaring costs could mean no FTSE 100 employee has access to a DB pension in three years’ time, a consultant has warned.