What Is the State of the Retirement Industry?

The video discusses the challenges faced by pension funds, particularly CalPERS, in achieving projected returns due to low interest rates. It explores the need for recalibrating portfolios, considering alternative asset classes, and the risks associated with riskier investments like hedge funds and private equity. The video also highlights the issue of unfunded pension liabilities across the U.S. and potential solutions such as increased contributions, taxation, and pension obligation bonds. It emphasizes the importance of thoughtful decision-making and client education in managing these challenges.

In what ways can municipalities address the challenges of pension fund deficits?

What are the potential risks of pension funds moving towards riskier investments?