Rising asset values, combined with slight increases in interest rates, spurred a 1.4 percent bump in corporate pension funding in June, according to the BNY Mellon Investment Strategy and Solutions Group.
By Nick Thornton |
Updated on July 03, 2014
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Rising asset values, combined with slight increases in interest rates, spurred a 1.4 percent bump in corporate pension funding levels in June, according to the BNY Mellon Investment Strategy and Solutions Group.
June’s performance raised the average corporate funding level to 92 percent.
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Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
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