Harvard Forecasts Big COVID-19-Related Losses and Enters Cost-Saving Mode
University projects a $750 million revenue shortfall in FY21 in light of the economic fallout of the coronavirus.
News
Denver Retirees Ordered to Return $11 Million in Benefits
A local investigation found overpayments ranging from $3,000 to $3 million to be recouped.
Pandemic Relief Could Risk Spousal Retirement Security
Women at higher risk of being hurt by easing of retirement savings requirements.
Funding for Corporate Plans Ticks Up After Record April
Aggregate funded ratio for company pension funds rose 2.2 percentage points, the first monthly uptick this year, Wilshire report finds.
UK Corporate Pension Funding Hammered by Pandemic in April
FTSE 350 company plans swing to £52 billion deficit from £10 billion surplus during the month.
Trump Considers Banning Chinese Stock in Federal Pension, Reports Say
The White House is reportedly reviewing its options against a planned investment into Chinese equities.
Foolish Hope Will Doom the Current Rally, Savant Says
Investors will see that things aren’t getting much better, and that will reverse stocks’ recent surge, warns James Bianco.
Judge Dismisses Trader Joe’s ERISA Lawsuit
Court ruling shoots down five allegations of breach of fiduciary duty.
State Pension Funding Drop to Lowest Level in 30 Years, Wilshire Says
Public plans were 62.6% funded in the first quarter after the coronavirus wiped out 12.2 percentage points.
CIO Wins Top Honors as Brand of the Year
Ai-cio.com wins ‘Overall Editorial Excellence’ award for the second year in a row.
New Jersey Likely to Cut Pension Contributions, S&P Global Says
The credit ratings agency downgraded the state one notch, to A-, and gave it a negative outlook.
Public Pension Fund Debt Expected to Reach ‘All-Time High’
Retirement systems will struggle with meeting their required contribution targets, Pew report says.
Canadian Defined Benefit Plans Have Worst Quarter in 12 Years
RBC and Northern Trust report plans lost 7.1%, the steepest drop since 2008.
Judges Reject Dallas Retirees’ Push to Restore Lump-Sum Payouts
Federal appeals court ruling is boon to ailing police and firefighters’ pension system.
Wells Fargo Predicts 10-Year T-Note Will Rise Above 1%
Now at a 0.63% yield, the benchmark bond should move up due to better economic and virus news, says bank’s strategist.