The selloff to meet margin calls comes after the BOE confirmed it will end its emergency bond-buying program; reverberations were felt from Sydney to Frankfurt to New York.
This largest-ever rescue covers 350,000 workers and retirees of the Central States Pension Fund, which was projected to become insolvent in 2026.
The debate’s likely to continue over whether 401(k) plan sponsors should consider environmental, social and governance factors when selecting investment options, but the rule creates new opportunities for advisors.
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