Investment Instruments

MetLife Inc. plans to pay about $2 billion to buy the largest private pension fund administrator in Chile, as the insurer and annuity provider seeks to build its presence in emerging markets.

Illinois officials have delayed borrowing $500 million for construction projects because the pension crisis makes the state's debt more expensive.

New York's plan to lock down its pension costs for 25 years might be a brilliant mathematical idea, but critics say it just amounts to borrowing more money in the future.

The Arkansas Teacher Retirement System hopes to invest $60 million in the $1 billion Big River Steel LLC mill planned for Osceola, officials announced Wednesday.

After a month of impressive gains that brought the Dow within 200 points of a record, the markets have paused this week.

Does the much-maligned annuity represent an attractive option for future DC plans? Protection against market volatility might help sell the products to plan sponsors.