US - The performance of institutional investors' portfolios for the 2008 calendar year was down approximately 25%, research by Wilshire Analytics shows.
The median performance of corporate pension plans was -25.85% for the year and -13.09% for the quarter while public pension funds median performance was -24.91% for the year and -13.18% for the third quarter.
Wilshire TUCS is a cooperative effort between the investment technology unit of Wilshire Associates and custodial organizations including nearly 1,200 plans representing $2.55 trillion in assets.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.