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BlackRock study shows shift from growth to preservation as gaps persist across plans US corporate pension plans are entering a new phase of financial strength, with average funding levels reaching their highest point since the global financial crisis, according to BlackRock’s latest Corporate Pension Peer Study. But beneath the headline improvement, the report points to widening differences in outcomes and a fundamental shift in how sponsors are managing risk. The study, which analyzes more than 500 defined benefit plans and closely examines the 200 largest, found the average funded ratio...

(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink pledged to open up private markets to millions of everyday investors, not just the wealthy few, contending individuals should share more of the gains from economic growth. Most Read from Bloomberg “Today, many countries have twin, inverted economies: one where wealth builds on wealth; another where hardship builds on hardship,” Fink said Monday in his annual letter to investors. “The divide has reshaped our politics, our policies, even our sense of what’s possible. Protectionism has returned with force.” The world’s largest...