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Pensions for public employees may be at risk. (Photo: Shutterstock)(Bloomberg) – What’s on the list of concerns for a man who runs a $1.2 trillion asset manager? Swelling shortfalls in U.S. public pensions, according to PGIM Chief Executive Officer David Hunt.
“If you were going to look for what’s the possible real crack in the financial architecture for the next crisis, rather than looking in the rearview mirror, pension funds would be on our list,” Hunt said Friday in an interview.
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In the past decade, cryptocurrencies have become legitimate assets that can be bought, sold, traded and redeemed.
More than three-quarters of workers in a Principal survey said the COVID-19 pandemic has driven them to focus more on saving for retirement.
And more news from Creative Planning, Lockton, Lincoln Financial Network, New York Life, RMC Group, The Standard, Vestwell.
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