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.
Agency sees ‘deep global recession,’ says immediate hit will be worse than global financial crisis.
A joint research paper concludes Europeans are most worried about their ability to save for retirement.
Market downturn could force some public pensions to sell assets for a loss.
Moody’s says governments are in a worse position to smooth costs than during financial crises.
The Pensions Regulator publishes consultation on British defined benefit investing regulations.