Lost at Sea?

What some have called a perfect storm is lashing the American defined-benefit (DB) pension fund industry. If a few years ago I tried to imagine the worst possible combination of events that could harm the industry, I might have dreamed up today's scenario: decades-low interest rates, the repercussions of a punishing bear market, a weak economy, questionable governance by some key companies, complicated

What some have called a “perfect storm” is lashing the American defined-benefit (DB) pension fund industry. If a few years ago I tried to imagine the worst possible combination of events that could harm the industry, I might have dreamed up today's scenario: decades-low interest rates, the repercussions of a punishing bear market, a weak economy, questionable governance by some key companies, complicated funding requirements and baffling accounting rules.

Separately, each problem may

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish