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    1. Rethinking the pension plan endgame: Hibernation, termination or stabilization?

    Rethinking the pension plan endgame: Hibernation, termination or stabilization?

     

    DOWNLOAD THE REPORT

    Today, with ample funding and an abundant set of investment opportunities available to them, pension practitioners should adapt by setting a new long-term strategic goal: stability.

    In this special report for U.S. private pensions, we present pension stabilization as an alternative to the widely adopted industry model of glide path de-risking toward hibernation or eventual termination of existing plans.

    U.S. pension investors have been actively de-risking their defined benefit plans since the global financial crisis, but further movement to long duration fixed income will be increasingly inefficient and unlikely to achieve long term goals. Recent changes to legislation effectively remove a key operating risk that led many sponsors to initiate their de-risking programs.

    Stabilization looks to redirect glide path strategies away from highly concentrated liability-driven investment programs toward a more efficient low volatility strategic allocation.

    Investors need a course correction to a more stable and effective long-term solution.

    READ THE REPORT

    Explore More

    Benefits of a diverse LDI program

    If the key drivers of liability aware are interest rates and credit spreads, then a portfolio concentrated in precisely those risk factors should be the most effective hedge.

    Read more

    Corporate Pension Peer Analysis 2021

    Explore our analysis of 2020’s corporate pension trends; despite improved headline funded status, assets and liabilities caused dollar deficits to grow.

    Read more

    Defense and offense in pension hedging

    In seeking to protect hedge portfolios from credit downgrades and defaults, adding high quality long duration and an active high yield strategy may help make LDI programs more resilient.

    Read more
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