Fourth-quarter ‘State of the States’ report sees “no improvement” in state pension plan funding.
Report says nearly all losses from the 2008 financial crisis have been recouped.
Funded ratio for the state’s 671 funds drops to 47.9%.
The sector continues to attract foreign investors, led by the Canadians, as well as Asian buyers, Avison Young says.
Institute of Directors calls on UK government to help retirees become entrepreneurs.
Despite a 0.9% decrease, plans up 7.3% in past 12 months.
Report says pension plans deepen school funding inequities.
Survey also finds workers in defined contribution plans earn lower returns than those in defined benefit plans.
The oil sector gained with improving demand, although expectations for OPEC’s prospects of bringing down global production were reduced.
US household debt has surged more than 15% in just four years.
WTI Crude prices hit $50 for the first time since May.
TPR report finds the overall percentage of eligible employees saving into a workplace pension increased to 78% from 55%.