In response, plan sponsors are strategizing about more than pension risk transfers.
Plan sponsors’ needs for long-dated bonds and the role of fixed-income managers may change as average liabilities fall to fewer than 10 years.
Some pension CIOs are adjusting their market scenario analyses to make sure their portfolios are well positioned to capture upside and avoid drawdowns.
A 3.5% aggregate investment loss for the 100 largest public defined benefit plans in the U.S. sent their funded ratios sharply lower in March, according to Milliman.
The Universities Superannuation Scheme aims to help ease the domestic housing crisis by supporting the development of affordable housing.
Foreign equity managers working for Japan’s $2 trillion Government Pension Investment Fund lauded the tech giant’s sustainability reporting.