Pension De-Risking: Beyond the Buyout Binary
LDI and annuitization don't tell the whole story on de-risking, and NISA research says it’s worth taking a look at the broader spectrum.
Risk
Smart Beta 2.0 – Or How to See Through Biased Marketing
Thought it was only active managers who resorted to spin? Think again.
Target-Date Funds Failed Investors in 2008, Says Study
The majority of target-date funds are still too aggressive in the decade leading up to members’ retirement, according to research into fund performance.
Tail Hedging Leaves DC Plans Poor, Not Protected, Study Finds
Even DC investors approaching retirement in 2008 would have been better to ride out that market than blunt decades of returns by paying to hedge tail risk, according to researchers.
Pension Funds Prefer (to Tackle) Assets
Facing up to obligations is tricky, which may be why pension funds focus on their investment portfolio most of the time.
Record Longevity Deal for Multi-Billion Pension
The largest ever deal is struck to insure against the improving longevity of pensioners in the UK.
Five Questions to Ask of Your Absolute Return Fund
A guide from Morningstar to help you pick the right fund for your portfolio.
NYC Pension Divests From Gun Industry
The New York City Teachers’ Retirement System is the latest pension fund in the United States to divest since the Newtown, Connecticut tragedy.
Mortality Modelling – You’re Doing It Wrong
Longevity has become a real headache for investors with liabilities to consider, but they may be working from the wrong numbers, new research suggests.
US Public Funds are ‘Biggest Risk-Takers’, Global Pension Study Finds
Researchers have condemned lax regulation for allowing US public pension funds to “camouflage” the real cost of benefits and take on potentially “reckless” risk.
MassMutual Takes Role in Risk Transfer Market
The risk transfer market in the UK is growing and a US insurer wants a piece of the action.
Annuitization and a Lifetime of Risk
The real threat to annuity providers is not a standalone risk, but a combination of them, according to a study.
The Chemistry of Asset Allocation
Asset classes are the primary elements of a portfolio, but a factor-based investment approach has an array of benefits, Callan Associates says.
Longevity Hedging Risk: One Area the Market Fails to Deliver
Despite aging populations, the market for longevity risk products is underdeveloped, according to a study.
Report: Little Portfolio Risk in Dropping Fossil Fuel Holdings
A report by Aperio Group finds that the risk among endowments to divest from coal and major carbon producing industries can be negligible.