But the pandemic has not slowed down pension buyout activity.
The regulator also doled out a record $175 million to whistleblowers during the year.
Rising discount rates were not enough to offset markets spooked in October by surging COVID-19 cases.
However, the way they make those deals will likely change forever.
So say two savants from Principal Financial, at CIO’s Summit.
Organization warns pandemic will reverse progress made in reducing global poverty and will increase inequality.