The trend of de-risking corporate defined benefit pension plans calls into the question the viability of the insurance companies that assume the obligations, according to a new report from the International Monetary Fund.
In its most recent assessment of the U.S. financial system, the IMF cited similar concerns raised in the Financial Stability Oversight Council's annual report released in May. The FSOC, established under the Dodd-Frank Act in 2010, is chaired by Treasury Secretary Jack Lew and charged with monitoring interconnected systemic risk in financial markets.
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Nick Thornton
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.
