Investment Instruments

MetLife rolled out an asset management business focused on real estate and private-placement debt, hoping to draw yield-starved institutional investors to areas where it already has considerable experience.

Principal Financial Group Inc. said Monday that it is buying AFP Cuprum S.A., a pension manager in Chile, for roughly $1.51 billion.

'Drastic' cuts would dramatically impact service to seniors and other beneficiaries, agency says.

Introduced in December, the lineup has expanded to 20 funds.

More than a third of Americans surveyed say they'd like to work with a professional to manage their retirement accounts, but don't think they have enough money to do so.

California and Illinois have made the biggest headlines, but unfunded pension liabilities are causing strife from New Hampshire to Oklahoma.