US - The funding status of the average US pension plan has declined to around 75% from a roughly fully funded status at the start of the year, Merrill Lynch estimates.
The firm's monthly pensions and endowments report for November said a 75 basis point decrease in interest rates from the October high had increased the average liability by just over 11% in Novembe...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
