US - Large US pension plans fell into deficit by a further US$10bn during the second quarter of 2008 bringing the half-year total loss on assets and liabilities to over $80 billion, analysis by Mercer has revealed.
Mercer said without an increase in high-quality corporate bond yields, which are used by most companies to measure the value of plan liabilities, the losses would have been worse. Adrian Hartsho...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date