Most in the retirement planning industry agree that defined contribution is the future. But what opportunities are there for advisers interested in serving traditional defined benefit pensions? Many, it turns out.
More than six years of litigation have preceded the announcement of a proposed settlement agreement in Hunter v. Berkshire Hathaway.
For the year ended September 30, they are up 6.90%, according to Wilshire Trust Universe Comparison Service.
Instead, workers will source funding from their 401(k), IRA or other savings vehicles.
The report also found a decline in future rates of mortality improvement.
With a funding status of 95% or more, a buyout or risk transfer deal are two viable options for these plans.
Turning to opportunistic allocations and alternative investments, they expect average returns of 7.2% this year, Natixis found in a survey.