Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Investment Slump Hits Pension Funding Levels

Your article was successfully shared with the contacts you provided.

Falling stock prices and falling interest rates combined to hurt the funded status of employers’ defined benefit pension plans in July.

Researchers at BNY Mellon Asset Management, a unit of Mellon Financial Corp., Pittsburgh, have published that conclusion in its latest monthly pension status update.

The funded status of the typical U.S. pension plan fell 4.4 percentage points in July, but was up about 3 percentage points for the first 7 months of the year, BNY Mellon researchers report.

The assets of a moderate-risk pension portfolio fell 1.5% in July, while the value of typical pension liabilities increased 2.9%, the researchers say.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.