As the funded status of corporate defined benefit plans improved over the past few years through a combination of cash contributions and the bull market in stocks, more plan sponsors moved to implement pension derisking or liability-driven investing strategies to cordon off at least a portion of their liabilities. While some still use basic strategies, the conversations about pension derisking have become more sophisticated as plan sponsors have learned more about the critical relationship between assets and liabilities. In this round table discussion, Gary Veerman, head of LDI solutions at Capital Group, François Pellerin, an LDI strategist in the fixed-income division at Fidelity Management & Research Co., and James So, a product specialist at Western Asset Management Co., discuss how plan sponsors are approaching pension derisking, what mistakes they often make and what the future holds.
Gary Veerman, Head of LDI Solutions, Capital Group; François Pellerin, LDI Strategist, Fixed-Income Division, Fidelity Management & Research Co.; James So, Product Specialist, Western Asset Management Co.
By downloading a white paper, you are agreeing to have your contact information shared with the content sponsor, who may then contact you.
All white papers posted were created by the listed authors who are solely responsible for the research, finding and all materials contained therein. Pensions & Investments has not verified or edited the materials (other than for length and style) and does not necessarily agree or disagree with the analysis and positions expressed by the authors. Reference to any company, product or service does not imply recommendation or sponsorship by Pensions & Investments.
For more information on submitting a white paper, please contact Richard Scanlon at email@example.com or 212-210-0157.