The increases in interest rates throughout 2022 improved pensions' funded status and provided attractive yields for sponsors wanting to de-risk by increasing their allocation to fixed-income assets, according to a new report.
A decade of volatile stock markets, including during the once-in-100-years pandemic, reveals growth in U.S. corporate pensions' funded status. MetLife Investment Management (MIM), the institutional asset management business of MetLife, estimates that, as of November 7, 2022, the average U.S. corporate pension's funded status was at 106.3 percent—the highest in 10 years. The quarter-end average was 104.7 percent, which is 4 percentage points above the end of the second quarter.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
