A new report assesses the national economic impact of benefits paid by defined benefit plans to retirees.
After plummeting during the first quarter, the funding level of Canadian defined benefit plans rebounded to end the year at 91.2%.
The pension lifeboat’s multiemployer plan is five years from insolvency, while the single-employer plan remains robust.
State and local pension funds with ‘infinite’ amortization periods increased 50% from last year.
Issuing bonds or tapping gambling revenues are among the methods some states adopt, the National Institute on Retirement Security finds.
The majority of global allocators are planning defensive strategies, expecting slides in everything from stocks to SPACs, a Natixis survey says.
Over 5% return in November helps raise funded ratio of 100 largest corporate pensions to 86.2%.
Despite funded levels falling to 70.7%, the 100 largest public plans have ‘shown great resiliency’ in the face of the pandemic.
The buck, off almost 5% in 2020, could dive another 20%, Citigroup warns.
Investors tend to invest there only as part of an emerging market strategy, which dilutes the potential return, the consulting firm concludes.
The markets see stability ahead, despite a delayed election result, Senate runoff races, and voter fraud claims from the president.
Sure, it can help lower investment fees. But those after-fee returns? Researchers say that’s a mixed bag.
Deal-making is bouncing back after being shut down earlier in the year due to the COVID-19 outbreak.
Report shows firms north of the border are increasingly adopting TCFD-aligned climate-risk disclosures.
Much of the action has been in the high end of the market, notes TS Lombard’s Brennan.