Moody’s: US State Pension Liabilities Spike to $1.3 Trillion in FY 2016
Illinois, Alaska, and Connecticut among largest unfunded liabilities.
Research
IRI: Americans Are Not Prepared for Retirement
Report finds less than half of Baby Boomers and GenXers have any retirement savings.
Milliman: Corporate Pensions Report Largest Monthly Loss in August
Funded ratio falls to 83% for month, but is up from 77% in 2016.
PLSA Says TPR Should Change Its Approach
Trade association argues that regulator is too focused on process, and not enough on people.
New Ceres Report Calls for Sustainability Practices Across All Corporate Boards
Builds on 2015 report, while highlighting key characteristics, practices.
Northern Trust: Global Economy to See 2.4% Annualized Growth over Next Five Years
Despite elevated valuations, investment outlook predicts attractive stocks, no bond bubble.
FTSE 350 Pension Deficits Rise £12 Billion in August
Mercer says decline may be due to uncertainty over Brexit negotiations.
US Annuity Sales Rise in Q2, But Still Down Nearly 10% from 2016
Non-qualified sales buoyed variable annuity market, IRI reports.
Preqin: Institutional Investors Increasingly Concerned with High Pricing
Private equity, private debt are most well-received asset classes.
Business Group Urges Use of Pensions to Fund Retiree Startups
Institute of Directors calls on UK government to help retirees become entrepreneurs.
UK Annuity Sales Tumble Further
Sharp decline continues two years after new rules allow withdrawals without annuities.
NEPC: Emerging Markets Boost Global Equities in August
MSCI EM Index currently at 28.3% returns in 2017.
Mercer: S&P 1500-Sponsored Company Pensions Down 1% in August
S&P 500 up 0.05%, while MSCI EAFE down 0.31%.