The American Academy of Actuaries has gone on record with a letter to the Department of Defense about personal discount rates proposed for use in determining lump-sum settlements for military pensions under the new retirement system.

State and local public pensions are undervaluing the true extent of their obligations, a study from the Hoover Institution says.

Morningstar, Inc. has announced the acquisition of RequiSight, LLC, which does business as RightPond.