Firms’ short-term cash holdings have moved away from money-market prime funds towards government funds.
Report cites empty promises from Social Security, DB programs as the cause.
Cost to manage illiquid portfolio assets too high to justify, according to Hossein Kazemi.
Aon white paper says pensions shouldn’t focus solely on commercial property.
Report ranks Florida, North Dakota, South Dakota, Utah, and Wyoming as the top five states by fiscal condition, but long-term challenges loom.
And nearly a quarter of people with access to work pensions don’t use them.
One-fifth of global investors intend to increase their allocation to private equity in emerging markets in 2017.
Strong equity gains of 19.7% drive funded ratio up 3% to 68%.
Raises $1.1 billion from foundations, endowments, public and private pensions, and sovereign wealth funds.
78% of retailers see risks associated with regulations tied to data privacy and security.
UK regulator reports £8.6 million loss, penalties drop to £181 million from £879.5 million.
Emerging markets, activists funds post strong gains, while managed futures and large funds struggled.
Aggregate deficit is up $8 billion from the $408 billion measured at the end of 2016.
State trust fund increased $5.3 billon to $72.4 billion.
Assets increased by £5.3 billion, as funding ratio rises to 121.6%.