Ignore Mortality at Your Own Risk
For the fifth year in a row, the updated Society of Actuaries mortality tables have reduced the size of pension liabilities:…
December 18, 2019
NISA Perspectives
We believe that the right perspective can make everything clear. From time to time, NISA writes and distributes analyses on financial markets, the global economy, pension risk, and the retirement industry that are of interest to us and our clients. A selection of these posts are compiled below.
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Perspectives
State of the US Consumer in Four Charts
With no shortage of economic uncertainty in the world, it is natural to ask whether the US consumer can continue as the prim…
November 18, 2019
FAQ: What Happened in the Repo Market Last Month?
A volatile September in the normally placid money markets inspired a number of client inquiries, and a few overzealous headl…
October 9, 2019
Monetary Policy in the U.S. is Being Determined by European (Japanese) Financial Markets
As we approach the next Fed meeting in September, expect more chatter on 1) whether they should ease and 2) what the inverte…
September 4, 2019
Global Bond Yields Plunge to Record Lows
Bond yields have fallen dramatically around the world this month, driven by the latest escalation of the trade war as well a…
August 21, 2019
The Waiting is the Hardest Part: An Update on the LIBOR Transition
The LIBOR transition continues. As we have outlined in previous notes, we are six years into a global effort to replace LIBO…
July 10, 2019
Two Alternatives in the End-state
Many plan sponsors find themselves in the fortunate position of approaching the end of their plan’s glidepath. Favorable mar…
April 15, 2019
Investing in Alternatives: What’s Trending
While we have seen shifts from active to passive across public markets, most notably large cap U.S. domestic equity, the alt…
January 22, 2019
Market Bids Farewell to the Fed’s Tightening Cycle
The last seven weeks have seen a dramatic repricing of the expected path of monetary policy. As recently as November 8, the…
January 3, 2019