Contributor: Kevin D. Schuman, CFA
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20 Years Post PPA: How Your Pension Has Evolved from a Liability to an Asset
Twenty years after the Pension Protection Act, the results are remarkable for many plan sponsors. Funded status has recovered to pre-GFC levels, while funded status volatility has fallen dramatically. What was once an unpredictable balance sheet liability has become, for a growing number of organizations, a strategic asset. In this webinar, we cover the 20-year…
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Corporate Defined Benefit Plans and the Power of a Surplus
With an average funded status of 107% and over 50% seeing a surplus, corporate defined benefit (DB) plans enter 2026 as well-funded as they have been since before the Great Financial Crisis of 2008.[1] For many plan sponsors, the strategic focus has shifted from designing glidepaths to designing strategies that seek to grow the surplus.…
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What a Difference an Hour Can Make
Earlier this year, a change occurred with respect to fixed income security pricing that many service providers in the industry (e.g., custodians, recordkeepers, etc.) considered a relative non-event. However, the change actually has significant implications for managing fixed income against a chosen benchmark, portfolio valuation and manager evaluation. Specifically, on January 14th, Bloomberg Barclays changed…
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A Small Lump of Coal in the Discount Curve
‘Tis the season for both giving and receiving, and for pension plans it’s been an especially great season for receiving. Since the beginning of the year, equity returns are up 15-25% and the average pension plan’s funded status is up 4-5%.1 At the risk of sounding like Scrooge, however, we wanted to highlight a small wrinkle…