Just as the underlying investments in supposedly "safe" money markets are receiving increased scrutiny, so too are the underlying investments in stable value funds.
JPMorgan Chase & Co. is "shedding mortgage debt from a stable value fund, under pressure from insurers in a case raising questions about suitable investments for funds normally regarded as a super-safe haven for retirement savings," Reuters reports
Stable value funds, as the news service notes, are used in 80 percent of 401(k) self-directed retirement plans and are meant to be the most conservative choice for employees—liquid, plain vanilla and backed by insurance.
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