Ryan ALM
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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...
Cash Flow Matching Overview
Cash Flow Matching Pension Objective Fund benefits in a cost-efficient manner with prudent risk Pension Needs Liquidity to fund benefits Reduce Contribution costs Reduce Volatility of Funded Status Strategy Value...
Immunizing Pension Expense Volatility
Pension management is an Assets vs. Liabilities objective. Corporations tend to focus on pension expense since it is a direct hit to earnings and stockholder value. Corporations do not want...
How To Hedge Interest Rate Risk
Pension funds are faced with numerous risk factors. Perhaps, the greatest risk factor is Interest rate risk. If affects assets but especially liabilities. How pensions cope with Interest rate risk...
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...
Ryan ALM Pension Monitor 3Q’22
3Q 2022 Ryan ALM Pension Monitor (Through September 30, 2022) Pension plan liabilities need to be measured and monitored regularly. Without knowledge of plan liabilities, the allocation of plan assets...
Greatest Asset of a Pension… TIME!
I recently spoke at the FPPTA conference in Orlando on pension risk management. One of the speakers was Mike Welker, CEO of AndCo Consulting, who I thought had the most...