US - The Pension Benefit Guaranty Corporation (PBGC) has adopted a diversified investment policy which it claims will give it a 57% likelihood of achieving full funding within ten years, compared to 19% under its previous policy.
Charles Millard, director of the PBGC, said while the new investment policy should generate higher returns, it also offered lower risk through broader diversification. The PBGC, which had an accum...
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