 | |
| Categories | Business |
|---|---|
| Frequency | Biweekly |
| Circulation | 40,000 |
| Publisher | Nikki Pirrello |
| Founder | Rance Crain |
| Founded | 1973 |
| First issue | October 29, 1973 |
| Company | Crain Communications |
| Country | United States |
| Based in | New York City |
| Language | English |
| Website | pionline |
| ISSN | 0095-4772 |
Pensions & Investments (P&I) is a business magazine that focuses on pensions and investment management for institutional investors. It is owned by Detroit-based Crain Communications.
In 1973, Crain Communications President Rance Crain established P&I as a spin-off from Business Insurance , an insurance journal established by his father in 1917. While Business Insurance had covered pensions, Crain thought a new publication was required to cover the growing complexities of pension investments. [1] [2]
The first issue of P&I came out on October 29, 1973, just about a year before the Employee Retirement Income Security Act of 1974 was signed into law by then-President Gerald Ford. The main emphasis was on news with the first issue running a front-page story headlined, "IH dumps Harris, two other managers." [2] [3]
P&I expanded beyond pensions to cover other forms of institutional investments such as defined contribution plans, endowments and foundations, and sovereign wealth funds. [3]
In October 2004, Morningstar, Inc. acquired a separate account database from P&I. [4]
In October 2012, P&I opened an editorial bureau in Singapore to provide more coverage on Asia. [3]
From its first issue onwards, P&I publishes on a biweekly basis. [2] [3]
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds".
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