Top 100 US Public Pensions Lose $23 Billion in Q2
Contributions and lackluster returns outweighed by benefits payments.
Contributions and lackluster returns outweighed by benefits payments.
Private equity AUM rises to more than $3 trillion.
Strong global economy helps spur industry growth in 2017.
The firm says companies will be heavy bond buyers, contributing $60 billion to their pensions due to a tax change.
Survey says millennials will have more retirement income than boomers, Gen X.
Funded ratio for S&P 500 defined benefit plans rises to 85.8%.
The last month in Q2 ends rocky, but the YTD and one-year returns are still OK.
Aggregate deficit falls to £29 billion at the end of May.
Index falls 0.41% during quarter, while S&P 500 gains 3.43%.
Although most plans are now fully funded, solvency gains can vanish quickly, firm says.
Despite investment loss, deficit of 100 largest corporate plans fell $23 billion.
Equity volatility causes assets to dip to their lowest since 2015, according to new census data.
Interest rates stirring mixed year-end, 2019 outlooks.
The aggregate funding level of the PPF’s 7800 Index dropped to 94.5% from 95.1%.
Liabilities decline, assets rise to help shrink gap by £16 billion.