The evolution of pension regulations and implications for asset allocation
The economic backdrop in 2019 has been characterized by weakness in manufacturing being offset by the resilience of services and health of the consumer.
Markets, economy, stocks, growth, global, fixed income, international, asset classes
The current earnings season has been mixed; lower energy prices and a stronger dollar are headwinds, but health care sector M&A is providing an offset.
In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.
How plan sponsors are finding greater success with plan design
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
The U.S. Federal Reserve (the Fed) has called a halt to the balance sheet reduction program earlier, and at a higher terminal level, than investors first anticipated.