PG&E (ticker: PCG) filed for bankruptcy - surprisingly the issuer was within the A or better rated pension liability discount rate universe within the prior 12 months.
This month marks the largest monthly funded status decrease since January 2016.
Political uncertainty has led to low expectations that policy initiatives would see much progress before year-end.
WHILE MOST CORPORATIONS’ 10-K FILINGS WILL NOT BE AVAILABLE UNTIL LATE FEBRUARY, WE ANALYZED PRELIMINARY DATA ON PENSION PLANS THAT HAVE FISCAL YEAR ENDS BETWEEN JUNE 30, 2018 AND OCTOBER 31, 2018.
Explore this month’s report where we see the highest funded status level achieved since December 2012.
Funded status rose 1.9% this month due to interest rates and growth assets.
Transient market volatility has the potential to be thrilling
How real estate and infrastructure can enhance returns and reduce volatility
A framework for setting and achieving pension objectives
This paper considers the role an enhanced allocation to real assets can play in portfolios during various stages of the pension life cycle.