NEW YORK Women have a math problem when it comes to retirement: On average, they retire two years earlier than men but they live five years longer.
BOSTON/HOUSTON A top U.S. pension fund manager said Tuesday it was pressing Exxon Mobil Corp for more details about its response to climate change, signaling that a key critic who elicited a report from the oil major last year remains unsatisfied with its answers ahead of the annual meeting this spring.
CHICAGO Ten years on from the financial crisis, many U.S. state and local public pension systems are still the worse for wear.
Houston has settled litigation with a firm over its actuarial work for the city's retirement funds dating back more than two decades, Mayor Sylvester Turner's office announced on Friday.
The question could become important if the financial services industry wins its high-stakes legal and political battles to dismantle the federal fiduciary rule governing advice to retirement investors.