1. Analyze Each plan’s unique liability profile Asset and liability risk factor composition Sources of funded status volatility Performance under various market conditions
2. Structure Customized liability benchmarks Tailored asset portfolios: return seeking/liability hedging Completion management solutions Overlay solutions Optimal glide paths
3. Monitor Funded status fluctuations Performance of assets and liabilities Impact of regulatory, legislative and accounting changes LDI asset/liability hedge monitoring
4. Service Ongoing collaboration to reassess plan needs Dynamic adjustment over time of strategy and benchmark
Featured Solutions The Perils of Passive Participation in Cuspy Credits The management of pension assets relative to liabilities is an inherently active process.
Featured Solutions Partial Risk Transfers: Less Than Meets the Eye The touted long-term cost savings and pension risk reduction may be underwhelming, if not elusive.
Featured Solutions Pension Investing: The 2019 Rebalancing Dilemma A flexible investment toolkit may be needed as new market dynamics take hold.
Featured Solutions Treasury STRIPS in Capital-Efficient LDI Strategies: Missing the Mark Equity overlays backed by long duration bonds may be a more efficient and accurate way to hedge liabilities.
Strategy Spotlight PIMCO StocksPLUS Long Duration Fund: Putting a Premium on Capital Efficiency The Fund seeks to make every invested dollar work harder in an effort to help investors achieve their objectives.
