After A Rocky Year For The Industry Have We Now Reached Peak Pension?

2016 turned out to be a landmark year for the global pensions industry. Global political uncertainty and quantitative easing sent fixed income yields plunging to levels never before seen and despite the bond sell-off towards the end of the year, pension deficits increased dramatically over the 12 month period.   Underfunded Pension plans – how bad is it for public corporations? A report from Russell Investments published earlier this month, highlights the scale of the problem. The $20 billion club — which consists of 19 US publicly listed corporations with the largest pension liabilities — is widely used as a…