Endowment Index Declines 0.36% in Q1
Tracking portfolio reverses last year’s gains after surging in January.
Tracking portfolio reverses last year’s gains after surging in January.
Survey also finds 16% will opt out due to recent mandatory contribution increases.
Mandatory Provident Fund is down 0.26% for year despite strong January.
Liabilities of corporate defined benefit plans of S&P 1500 firms rise, as those of FTSE350 fall.
Report estimates top 50 defined benefit plans at 86% funded level.
Report also shows that the majority of employers are upholding auto-enrollment duties.
However, figure ‘masks the materially worse funding position likely to be reported.’
Surveyed investors prefer advice from human interaction versus AI, whereas tech is preferred as strategy tool.
The largest increase in pension take-up was seen among Millennials.
Total amount paid remains the same as the number of retirees rises.
Report says Detroit’s contribution policies will suffice if investment returns meet assumptions.
Global economy expected to grow 3.9% each of the next two years.
Deficits rise over the month, but are down sharply from a year ago.
High-yield managers continue 10-year index struggle.
Report says actuaries shouldn’t reverse mortality expectations despite recent data.