Asset class is top choice for US, UK public pensions in Q3
Survey reveals trends and asset allocations of investors.
Ratio of liabilities to personal income rises to 3.6%, according to Fitch Ratings.
Aggregate deficit of PPF 7800 balloons to £107.7 billion as funding level drops 4.1%.
Declining Canadian equities, weakness in energy stocks weigh down returns.
Lowered projections could increase financial burden on state, local governments.
Willis Towers Watson unit ranks the largest funds, with Japan’s Government Pension Investment Fund on top.
But most large companies still allocate far more to shareholder dividends.
Untapped public assets could contribute ‘many billions of dollars’ to underfunded pensions.
The rich get richer as total assets under management of 500 largest managers nears $94 trillion.
Wilshire Consulting’s managing director calls the month’s 1.9 percentage point dip the ‘largest pull back’ since June 2016.
Funded ratio still rises as declining liabilities offset losses.
Report finds policymakers struggling to balance retirement adequacy with economic sustainability.
The body’s annual mortality scale shows beneficiaries dying a bit earlier due to a hike in some leading causes of death.
The best third is 90% funded, and the worst third is at 55% and falling, a new study says.