Market downturn could be the final straw for struggling public pension plans.
In GARP poll, 90% of boards were involved in sustainability efforts.
Senior Pension Strategist Michael Moran says local government spending limits will stymie funding levels.
Falling discount rates strike again, negating the market rebound for corporate DB plans.
Managers see short-term disruption from pandemic but are optimistic about the long term.
Corporate, public, and university funds lost a median 7.23% in the first quarter from falling equities, BNY Mellon says.
Aggregate funded ratio for company pension funds rose 2.2 percentage points, the first monthly uptick this year, Wilshire report finds.
FTSE 350 company plans swing to £52 billion deficit from £10 billion surplus during the month.
Public plans were 62.6% funded in the first quarter after the coronavirus wiped out 12.2 percentage points.
Plunging discount rates offset second-largest investment return in 20 years.
Report says paying for pensions should come from sources other than education budgets.
COVID-19 wipes out robust 2019 earnings in just three months.
Liquidity and cost control are now top priorities as dividends drop and buybacks become an ‘endangered species.’
Georgina Marshall, global head of research at Institutional Shareholder Services (ISS), explains how investors can approach their portfolio companies in the pandemic environment.
Surging discount rate offsets asset loss of $85 billion.