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New directions in liability-driven investing

As market conditions, regulations, and plan objectives change, best practices in liability-driven investing continue to evolve. In the “editor’s picks” below, we discuss glidepath innovations, enhancements in return-seeking portfolios, and the impact of liquidity constraints.

 
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Tax reform and long bond supply: An "early mover" advantage for US corporate...

Authors: Bill Cole, CFA, CAIA, ...

Corporate tax cuts are a key component of President Trump's tax plan. While there are many details still to be ironed out, it seems likely that lower corporate tax rates are on the horizon. In this paper, we...

File under: New directions in liability-driven investing

 
Jan 2017
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Portfolio policy

Four pension issues to watch in 2017: An update for US corporate plans

Author: Amy Trainor, FSA, EA

A range of market, legislative, and regulatory developments could shape plan sponsor decisions in the coming year. This note highlights some we’ll be keeping an eye on. Key points US corporate...

File under: New directions in liability-driven investing

 
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Setting ROAs: A 2016 year-end guide for US corporate and public plans

Authors: Amy Trainor, FSA, EA, ...

To help plan sponsors make more informed decisions, this annual update details key ROA assumptions and provides our latest trend analysis and 15-year capital market expectations.

File under: New directions in liability-driven investing

 
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Customizing the pension liability hedge: A balancing act

Authors: Bill Cole, CFA, CAIA, ...

When designing a liability-hedging strategy, plan sponsors must consider whether it is enough to invest in traditional long-bond benchmarks. In this paper, we share our latest research on this topic and argue...

File under: New directions in liability-driven investing