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. 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." In October 2012, P&I opened an editorial bureau in
Singapore to provide more coverage on Asia. ==References==