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Pension Management Research Panel
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| Globally, Financial Executives Searching for a Response to Volatility of Pension Investments - June 2008 |
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| In the first half of 2007, strong global equity markets and rising interest rates improved the funding
status of pensions around the world. At the time, industry reports suggested that pension funds were
willing to take on more risk in an attempt to increase returns. The volatility of the global markets in the
second half of 2007 and early 2008 quickly reminded organizations that risk continues to be prevalent
and difficult to predict. |
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 Global Risk (PDF) |
| How Funding and Accounting Rules Impact Interest rate Risk Management - July 2007 |
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| In short, while absolute return measurement of fixed income investments will not disappear, it will take a back seat to the measurement of the plan's funded status (surplus or deficit) and its volatility. |
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| Interest rate Risk Management (PDF) |
| How Plan Sponsors Will Change the Management of Pension Investments in Response to New Rules - January 2007 |
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| In 2007, new funding and accounting rules will drastically alter the future of managing defined benefit plans in the US. For plan sponsors, these represent monumental changes as two standards, which had been largely unchanged for 34 and 19 years respectively, changed over two months. |
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| Response to New Rules (PDF) |
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| Liability Driven Investing: What Has Changed Over the Past Year? |
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| Last year, many countries had recently implemented
new funding rules requiring the improvement,
maintenance, and transparency of pension funding
levels. Liability Driven Investing (LDI) had become a
new and common “buzz” phrase around the world
when discussing strategies for managing the
pension’s assets and liabilities. However, LDI also
carried some criticism as many felt this was not a
well understood strategy and actual implementation
was low. |
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| Liability Driven Investing (PDF) |
| Healthcare Organizations Address the Future of the DB Plan - September 2007 |
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| The healthcare industry has historically included DB pension plans as a critical part of employee benefits, however, like other industries, they have more recently been forced to manage the pension's impact on corporate finances. As a result, the healthcare industry is no different than other industries judiciously reviewing the long-term future of this benefit. |
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| Future of the DB Plan (PDF) |
| Liability Driven Investing: The Global Truth On Use of These Strategies - June 2007 |
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| SEI's recently completed research on how organizations around the world are defining LDI, whether or not LDI strategies are being implemented, nd some of the factors drivintg these decisions. |
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| Liability Driven Investing (PDF) |
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