US - State pension plans could create a bond insurer under a proposal mooted by California treasurer Bill Lockyer.
Tom Dresslar, spokesman for the treasurer, confirmed Lockyer was exploring the possibility but said it was still in the very early stages. He said: "It is in the exploratory, preliminary stages ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
