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Cass creates principles
for DC model

As almost every market in the world looks to move from defined benefit to some sort of defined contribution model, academics at the Pensions Institute of the Cass Business School, City University London have developed a set of 15 principles for designing a defined contribution model. The principles, consistent with the recently published OECD guidelines, are based […]
Amanda WhiteMarch 27, 2013
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DB plans continue to slide

The funded status of US defined-benefit corporate-pension plans continued to worsen last year, despite plan sponsors increasing contributions by $70 billion, a new Mercer study reveals. Mercer found funding levels have slipped to 2009 levels, with the outlook for 2012 likely to extend the bleak news for plan sponsors. The funded status of pension plans […]
SAM RILEYAugust 29, 2012
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Laws add to
de-risking push

Recent legal changes governing how US corporate pension plans calculate their funding liabilities could increase moves to de-risk pension plans, particularly through lump sum payments to participants, says Matt Herrmann a retirement risk expert at asset consultant Towers Watson. Herrmann, leader of Towers Watson’s retirement-risk-management group, says the legislative changes that passed through both houses […]
SAM RILEYJuly 6, 2012
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The spectre of defined-benefit plans

The recent sharp growth in US corporate defined-benefit-plan liabilities, coupled with concerns that interest rates will start to rise from current historical lows, is slowing the push to de-risk plans, Wilshire Consulting’s head of investment research, Steven Foresti says. The latest Wilshire Consulting research into defined-benefit (DB) plans at S&P 500 companies reveals that aggregate […]
SAM RILEYApril 13, 2012
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Pensionomics,
a money-go-round

As debate rages in the US about the generous retirement benefits and high cost of state and local defined benefit (DB) schemes, new research sheds light on the role these funds play in stimulating the economy and creating jobs. Pensionomics 2012: Measuring the Economic Impact of DB Pension Expenditures looks at the effect of DB […]
SAM RILEYMarch 28, 2012
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Pension reform divides state of New York

Pension reform in the state of New York is politically embroiled with the New York Governor Andrew Cuomo and fellow democrat New York State Comptroller Thomas DiNapoli at opposite ends of the defined benefit/defined contribution debate. DiNapoli is the sole trustee of the state’s $149.9 billion public fund and a strong proponent of its defined […]
SAM RILEYMarch 7, 2012
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