PT  - JOURNAL ARTICLE
AU  - Sean Brennan
TI  - Out in Front: <em>Preparing for the Next Phase of Pension Risk Management</em>
DP  - 2013 Sep 21
TA  - Special Issues
PG  - 108--110
VI  - 2013
IP  - 1
4099  - https://pm-research.com/content/2013/1/108.short
4100  - https://pm-research.com/content/2013/1/108.full
AB  - Enhanced pension funding conditions have been spurring an array of risk transfer actions, including both lump sum cash-outs and annuity buy-outs. These changes reflect a paradigm shift in pension management strategy—from a “planning” phase, where having a risk management plan in place defined success, to an “execution” phase that involves an entirely new and broader set of pension risk management decisions. Success in this era of both greater opportunity and complexity depends on engaging all stakeholders, budgeting for both time and expenditure, planning flexibility, broad scale monitoring, and viewing risk transfer as an additional asset class.