We offer an overview of solutions available to pension plans to manage capital market risk in order to meet their obligations. We outline the main drivers behind the evolution of asset-liability management (ALM) for pension plans and the emergence of liability-driven investment (LDI) in the last decade. We look at some of the most popular pension de-risking tools and at recent innovations prompted by the Global Financial Crisis. We offer examples based on the rise of cross-asset correlation, the use of hybrid products to mitigate tail risk, and the increasing relevance of counterparty risk mitigation tools such as collateralization. We conclude by outlining some of the main challenges ahead, including developments in pension regulation, cen...
Reduced returns and longevity risk are making it challenging for employers to offer defined benefit ...
This chapter analyzes two types of investment strategies for an investor with a savings plan for ret...
The recent activity in pension buyouts and bespoke longevity swaps suggests that a significant proce...
We offer an overview of solutions available to pension plans to manage capital market risk in order ...
The financial crisis and the ensuring Great Recession have alerted those concerned with old-age secu...
Historically, unexpected improvements in mortality rates have led to large, unanticipated increases ...
The paper will discuss the proposed regulatory frameworks (market valuation of liabilities) in Europ...
This article proposes a model for a defined benefit pension plan to minimize total funding variation...
The role of regulators in pensions has been transformed in recent years, with underlying forces incl...
Following the 2007–2009 financial crisis, global policymakers enacted some of the most sweeping fina...
The economic significance of longevity risk for governments, corporations, and individuals has begun...
Today, many defined benefit pension funds across the world are closing in response to twelve years o...
We examine pension buyout transactions and longevity risk securitization in a common framework, emph...
This chapter recounts the experience of the Canada Pension Plan Investment Board in designing and im...
With the advent of formal regulatory requirements for rigorous risk-based, or economic, capital quan...
Reduced returns and longevity risk are making it challenging for employers to offer defined benefit ...
This chapter analyzes two types of investment strategies for an investor with a savings plan for ret...
The recent activity in pension buyouts and bespoke longevity swaps suggests that a significant proce...
We offer an overview of solutions available to pension plans to manage capital market risk in order ...
The financial crisis and the ensuring Great Recession have alerted those concerned with old-age secu...
Historically, unexpected improvements in mortality rates have led to large, unanticipated increases ...
The paper will discuss the proposed regulatory frameworks (market valuation of liabilities) in Europ...
This article proposes a model for a defined benefit pension plan to minimize total funding variation...
The role of regulators in pensions has been transformed in recent years, with underlying forces incl...
Following the 2007–2009 financial crisis, global policymakers enacted some of the most sweeping fina...
The economic significance of longevity risk for governments, corporations, and individuals has begun...
Today, many defined benefit pension funds across the world are closing in response to twelve years o...
We examine pension buyout transactions and longevity risk securitization in a common framework, emph...
This chapter recounts the experience of the Canada Pension Plan Investment Board in designing and im...
With the advent of formal regulatory requirements for rigorous risk-based, or economic, capital quan...
Reduced returns and longevity risk are making it challenging for employers to offer defined benefit ...
This chapter analyzes two types of investment strategies for an investor with a savings plan for ret...
The recent activity in pension buyouts and bespoke longevity swaps suggests that a significant proce...