The pension plan, which closed its books in March, had incrementally dialed up an allocation to conservative assets.
Coronavirus – COVID-19
Commonwealth’s McMillan sees encouraging pandemic data, and thinks the recovery can continue.
Report bases economic outlook downgrade on no renewed lockdowns.
Equities rally helps spur strong quarterly gains.
EIOPA warns that persistent low rates pose a ‘systemic risk’ for insurers.
The world’s largest retirement system is the lowest it’s been valued in roughly three years.
Research from Aviva finds that some may have to spend more of their life working because of COVID-19.
Larger endowments outperform smaller ones due to less US equity exposure.
A painful $16 trillion could vanish from the planet’s coffers, only the second down year this century, Boston Consulting’s study estimates.
The typically stable asset class has been hit as traffic levels have dropped 40% to 85% globally, S&P analysts say.
Despite whipsaw market volatility, financial professionals expect only modest declines in 2020.
Allianz Life study finds many deeply uncomfortable with the state of the virus-driven market.
JPM chief points to massive Washington relief efforts as the economy’s savior.
A September payment has been deferred to October, or the start of the next fiscal year, as the state makes deep cuts and deferrals to stanch revenue losses.
Falling discount rates strike again, negating the market rebound for corporate DB plans.