Pension Management

Pension funds suffered "catastrophic losses" in scheme designed to conceal the magnitude of risk and performance of certain investment options.

An annuity specialist says every worker ought to have some retirement savings.

To immediately exit all publicly traded Russian assets, CalPERS would have to mark down the $300 million portfolio to zero.

But unwinding holdings—most of which are in index funds, not direct investments—is complex and could mean losses, as these assets are trading at deep discounts and liquidity is scarce.

New research suggests a typical defined-contribution plan costs nearly twice as much as a comparable defined-benefit plan.

Pension and endowment interest in digital-currency investments indicate "that people are trying to get exposure."