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Pension Funds Underinvesting in Stocks

BlackRock CEO says the only way for most pension plans to meet their obligations is to invest more in equities.

By Alexis Leondis, Bloomberg | Updated on December 04, 2013

BlackRock Inc. Chief Executive Officer Laurence D. Fink, who last year said he would invest 100 percent of his personal wealth in equities, said pension funds won’t meet their liabilities unless they put more money in stocks.

“I do believe most plans that I know have underinvested in equities,” Fink said today at the National Association of State Treasurers Issues Conference in New York. In a low-interest-rate environment, increasing stock holdings is the only way for pension funds to meet their obligations, he said.

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