The move would add $18 million in extra inflation-adjustment benefits for its first year, expanding the liability for the poorly funded plan.

Mercer says investors should increase their risk appetite and consider allocating to real estate this year.

Liquidity issues and other business risks could prompt a wave of defaults and restructurings, in turn creating fertile ground for opportunistic investing in distressed credit. Read more.

Despite 10.14% rise during 2020, the index still underperformed a 60/40 stock-bond portfolio.

David Wagner solicited nearly $10 million and used investor funds to buy a Porsche and pay earlier investors.

Beijing’s hard-line policies and investing hurdles complicate the decision.

Despite dismal rates, DB plans still choose to de-risk with bonds.