Ryan ALM
White Papers
What’s It All About? Liabilities!
Most institutional assets are required to fund some type of liability objective (Pensions, OPEB, Lottery, Endowment & Foundation) yet liabilities tend to be missing in every function related to assets:...
Problem/Solution: Asset-only Focus
Most, if not all asset allocation models are focused on achieving a total return target or hurdle rate… commonly called the ROA (return on assets). This ROA target return is derived from a weighting of…
Pension Conundrum - Liquidity Risk
Liquidity is a critical and necessary priority of a pension fund, since it must fund monthly benefits and expenses (B + E) on time. Many plan sponsors use a “cash...
Optimizing Asset Allocation
The asset allocation decision is the single most important asset decision since it affects all assets and the funded status of a pension plan. Strategic asset allocation (AA) takes a...
Pension Confusion - Find the Liabilities
Securing and funding liabilities in a cost-efficient manner with prudent risk is the true pension objective. Although liabilities should be the focus of pensions, it is hard to find liabilities...
How To De-risk a Pension
Risk is best defined as the “uncertainty” of meeting the client objective. The pension objective is to fund liabilities in a cost-effective manner such that contribution costs remain low and...
Ryan ALM Pension Alert Q2’23
Most Asset Allocations for pensions are based on achieving the ROA. The ROA is an annual forecast of asset returns. Each asset class is assigned a ROA then weighted by...
Ryan ALM Pension Monitor YTD 2023
YTD2023 Ryan ALM Pension Monitor (Through June 30, 2023) Pension plan liabilities need to be measured and monitored regularly. Without knowledge of plan liabilities, the allocation of plan assets cannot...
Ryan ALM Pension Monitor Q1’23
1Q 2023 Ryan ALM Pension Monitor (Through March 31, 2023) Pension plan liabilities need to be measured and monitored regularly. Without knowledge of plan liabilities, the allocation of plan assets...
Pension Quiz
Is it better to have 10% ROA or reduce Funding Costs by 10%? The primary objective of a pension is to secure benefits (Retired Lives) in a cost- efficient manner...
Pension Alert: Spread between ROA and Bonds Narrowest in 20+ Years
Most Asset Allocations for pensions are based on achieving the ROA. The ROA is an annual forecast of asset returns. Each asset class is assigned a ROA then weighted by...
Ryan ALM Pension Monitor 4Q’22
4Q 2022 Ryan ALM Pension Monitor (Through December 31, 2022) Pension plan liabilities need to be measured and monitored regularly. Without knowledge of plan liabilities, the allocation of plan assets...