Abstract
Over the past few years, corporate defined-benefit pension plans have been seeking risk management solutions in an effort to protect member benefits as well as reduce the burden on their balance sheets. Some have sought full defeasement by transferring pension obligations to the insurance industry, albeit at a premium. An alternative solution, however, could offer pension plans a risk management solution that mitigates most of the inherent risks by bundling capital markets and insurance solutions together, thereby getting the most bang for their proverbial de-risking buck.
- © 2016 Pageant Media Ltd
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