US Pension Funds

Savvy Investor Awards: Best Pensions Paper 2015 (North America)

Savvy Investor

WINNER: Ernst & Young 

A Framework Evaluating Pension De-Risking Strategies

This paper establishes a framework for the examination of de-risking strategies that are available in today’s market. The authors examine the tools available for pensions risk management, setting out the range of risk transfer techniques, as well as insurance/investment options available to sponsors of DB plans. They then develop a decision-making model and demonstrate its effectiveness for decision making by taking the CFO of two mid-size plans through the process.

HIGHLY COMMENDED

The Economics of Providing 401(k) Plans: Services, Fees, and Expenses, 2014 by Investment Company Institute

This paper explores the economics related to providing 401(k) plans - fees, expenses and services. Specific themes include current trends, why employers offer 401(k) plans, etc. 

Align the Design: Considering and Evaluating Target-Date Glide Paths by PIMCO

Not many responsibilities are as important to DC plan sponsors as choosing a default glide path that best increases the odds of a participant retiring on time and with adequate retirement income. The goal, simply put, is to raise returns on assets while reducing volatility relative to the retirement liability – exactly what Objective-Aligned Glide Paths seek to accomplish.

Reducing Pension Risk: The Five Myths Holding Back Plan Sponsors by Prudential

Many companies have decided to reduce pension benefits as a result of the increasing cost of DB plan maintenance. In spite of greater knowledge of risk management alternatives, the market has not yet seen large organizations devise de-risking strategies, particularly risk transfer solutions. While a number of plan sponsors are currently examining their de-risking alternatives, a gap very clearly exists between the plans and actions of some companies with regard to defined benefit risk reduction.

Corporate Finance and Pension Risk Management: Bridging the Gap between Pension Risk Management Theory and Practice by Society of Actuaries

This report by the Society of Actuaries addresses some key questions: How does a company's pension plan affect the stock price? How does the pension plan impact the company's credit rating / credit spread? How does a US company manage its pension liabilities in the light of pension insurance ( i.e. the Pension Benefit Guaranty Corporation)?

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About the Savvy Investor Awards

Savvy Investor is the fastest growing resource hub for the institutional investment industry. Since launch in early 2015, more than 8200 members from across the globe have registered for the site, with 200 new members joining every week.

We curate the best pensions and investment white papers from around the world, and having uploaded more than 12,000 white papers in 2015, have a unique platform from which to host these Awards. The Savvy Investor Awards are judged on the basis of the quality and readability of the paper and its appeal to our institutional investor audience.

To find out how you can partner with Savvy Investor this year to enhance your thought leadership credentials in 2016's institutional investor marketplace, please contact our CEO Andrew Perrins via email: andrew.perrins@savvyinvestor.net

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