Corporate pension plans have benefited from the rise in interest rates and strong equity markets following a long period of easy monetary policy and, more recently, the 2016 presidential election, fiscal stimulus, and corporate tax reform. Today, recession probabilities are inching higher and the 2018 stock and bond market sell-offs have already impacted many plans' funded status. The question now is: Should you stay on the funded status rollercoaster or move toward a recession-ready LDI strategy? In this paper, PGIM Fixed Income shares practical steps plan sponsors can take to protect their funded status ahead of the next recession.view more white papers
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