Allianz Life study finds many deeply uncomfortable with the state of the virus-driven market.
Coronavirus – COVID-19
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.
The university will draw from its investments, furlough employees, and cut retirement contributions.
Economic downturn forces government to take out over $37 billion.
The former FDA commissioner, and current pension plan asset manager, sounded alarms in January about the pathogen.
Employers will have to increase contributions unless markets rebound sharply, says S&P.
Corporate, public, and university funds lost a median 7.23% in the first quarter from falling equities, BNY Mellon says.
University projects a $750 million revenue shortfall in FY21 in light of the economic fallout of the coronavirus.
The White House is reportedly reviewing its options against a planned investment into Chinese equities.
Investors will see that things aren’t getting much better, and that will reverse stocks’ recent surge, warns James Bianco.
Public plans were 62.6% funded in the first quarter after the coronavirus wiped out 12.2 percentage points.
Now at a 0.63% yield, the benchmark bond should move up due to better economic and virus news, says bank’s strategist.
PBGC monitors workforce reductions, so plan sponsors must be vigilant.