Perspectives Topic:

Pension Risk Management

May 17, 2021

Much Needed Multiemployer Financial Assistance: But Don’t Count On 30 Years

Executive Summary The Special Financial Assistance (SFA) provisions of Sec. 9704 of the American Rescue...

March 30, 2021

The Strategic Case for High Yield in Hibernation and LDI Portfolios

To download a PDF version, please click here. NISA has consistently argued that risk assets...

March 1, 2021

What a Difference An Hour Can Make

To download a PDF version, please click here. Earlier this year, a change occurred with...

February 19, 2021

Another Extension of Funding Relief?

To download a PDF version, please click here. A few clients have asked us recently...

February 11, 2021

Longevity Assumptions – Don’t Let Them Kill You

To download a PDF version, please click here. Around the office, we have found longevity...

October 5, 2020

A Very Normal World…of Interest Rates

To download a PDF version, please click here. Very little currently could be described as...

July 2, 2020

The Dynamic Duo: Interest Rate Levels and Volatility

To download a PDF version, please click here. When volatility increases for a particular market...

May 14, 2020

What a Difference a Decade Makes!

To download a PDF version, please click here. While the COVID-19 crisis is certainly new...

April 7, 2020

Are Static Hedge Ratios Really Static?

To download a PDF version, please click here. Authors’ note: The timing of this piece...

March 24, 2020

Quick Post on Rebalancing

To download a PDF version, please click here. I know this is not the time...

December 18, 2019

Ignore Mortality at Your Own Risk

To download a PDF version, please click here. For the fifth year in a row,...

April 15, 2019

Two Alternatives in the End-state

To download a PDF version, please click here. Many plan sponsors find themselves in the...

December 21, 2018

Groundhog Day Meets Mortality Assumptions

To download a PDF version, please click here. Perhaps it would have been more fitting...

September 27, 2018

Small Balances, Big Bias?

To download a PDF version, please click here. Small balance annuity buyouts have been increasingly...

July 26, 2018

Separating Annuity Buyout Fact From Fiction

To download a PDF version, please click here. In recent weeks we have read a...

December 29, 2017

A Small Lump of Coal in the Discount Curve

To download a PDF version, please click here. ‘Tis the season for both giving and...

December 18, 2017

Sharing an Interesting Analysis

To download a PDF version, please click here. Sometimes you come across a piece of...

May 25, 2017

Does the Size of a Company’s Pension Affect its Stock Price?

To download a PDF version, please click here. Summary We examined the statistics behind the...

December 7, 2016

Equity Spread Duration is Bubbling Up

To download a PDF version, please click here. Summary In recent months we’ve observed that...

December 2, 2016

Make Funded Status Great Again (Again)

To download a PDF version, please click here. The ongoing equity rally and the rise...

November 11, 2016

Make Funded Status Great Again

To download a PDF version, please click here. It has been an interesting week. Regardless...

October 20, 2016

The Topography of Pension Risk

To download a PDF version, please click here. Last week, we participated in the annual...

June 8, 2016

There’s Beta in My Alpha! (Part 2)

To download a PDF version, please click here. I received some feedback asking whether the...

May 20, 2016

There’s Beta in My Alpha!

To download a PDF version, please click here. When I was a kid, being called...

January 4, 2016

The Great Migration Toward Fixed Income

To download a PDF version, please click here. Since the New Year is always a...

December 17, 2015

Live (Less) Long and Prosper?

To download a PDF version, please click here. Working in the pension industry, it can...

December 3, 2015

The Full Picture on Partial Buyouts

To download a PDF version, please click here. We hear annuity buyouts frequently discussed as...