5 Ideas from a Retirement Expert’s New Paper, for Annuity Sellers

June 2, 2020 by Allison Bell

The Federal Reserve Board and the U.S. Treasury Department have managed to buffer the U.S. stock market and the U.S. bond market against most of the effects of the COVID-19 pandemic.

Portfolio managers at life insurers and pension funds have generally done what was necessary to keep the sky from falling, today.

But Olivia Mitchell, the International Foundation of Employee Benefit Plans Professor at the University of Pennsylvania’s Wharton School, says in a new working paper that severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) has done serious damage to defined benefit pension plans all around the world.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on June 2, 2020 by Allison Bell.