We combine product-agnostic views, proprietary analytics and deep pension knowledge to develop implementable holistic portfolio solutions.
Asset Class Insights
Leverage investment insights from portfolio managers and product specialists across the JPMorgan platform.
Pension Expertise
Deep knowledge of industry trends, regulatory and accounting backdrop and actuarial issues impacting pension plans.
Analytics
Robust modeling capabilities to quantify impact of asset allocation changes on a range of pension metrics that matter to plan sponsors.
Jason Malinowski, Chief Investment Officer of Seattle City Employees’ Retirement System, discusses why public pension liabilities deserve to play a more central role in portfolio construction, and how liability awareness can help provide a more holistic measurement of performance and total plan risk.
Explore our analysis of 2020’s corporate pension trends; despite improved headline funded status, assets and liabilities caused dollar deficits to grow.
Formulating the role of liabilities in asset allocation and performance measurement.
Through the COVID-19 crisis, the forces driving the benefits of hedge portfolio diversification have endured, if not strengthened.
Revisiting our 2019 corporate pension peer analysis, we estimate the GAAP funded status for most plans has fallen between 5% and 15% through the end of Q1. Furthermore, we find that these sponsors in aggregate have underperformed the broader S&P500, as well as their respective sectors in most cases.
How can maturing public pensions--facing a cash drain, lower tolerance for volatility and a reduced capacity for portfolio illiquidity--handle these challenges?
With the 10-year Treasury well below 1.0%, pension plan sponsors are asking themselves some uncomfortable questions.
If enacted, the proposed changes would increase PBGC premium costs overall while shifting more of the burden to the most poorly funded plans.
Reactions to pension performance this past year serve as a form of pension Rorschach test.
Credit diversifiers can help hedge portfolios adapt to the late-cycle environment. Pension portfolios may evolve and use a more nonstandard asset classes.
For pension plan sponsors, relief has been spelled many different ways since the implementation of PPA in 2009. We feature a synopsis of previous legislation.
We highlight funded status data, macroeconomic trends that impact pension plans and a breakdown of what you need to watch for.
For more information, please email us or contact your J.P. Morgan client advisor.
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