Legendary investor, thought to be chief’s successor, leaving after more than 30 years with the organization.

Actuarial firms, bankers and insurance companies have been urging U.S. defined benefit plan sponsors to transfer their liabilities to a third party. Transferring the total liability has proven too onerous for most plan sponsors, so these institutions have been pitching partial risk transfers (PRT) instead. However, the touted long-term cost savings and pension risk reduction may turn out to be underwhelming, if not elusive.

Former Treasury secretary thinks less-than-zero rates do little good and much harm.

Pension fund says litigation will allow it to ‘protect Facebook’s profitability.’

Stacie Olivares-Castain’s background is on impact investments, blockchain, and advisory services.