Pension Management

The increase in interest rates seen in 2022 improved pensions' funded status and provided attractive yields for sponsors wanting to de-risk.

Already on thin ice financially, the city's pensions could take an even deeper hit in 2023 if the market rout continues to erode returns.

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.

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.

A resolution was adopted to restrict the use of sustainability factors in making investment decisions in the Florida Retirement System defined-benefit plan.