Research Projects
Research Projects in Pension
Pension Risk Management: Derivatives, Fiduciary Duty and Process
The Society of Actuaries' Committee on Finance Research and Pension Section Research Team are pleased to make
available the following report that explores pension risk management. The report, authored by Susan Mangiero of
Pension Governance, LLC, is based on a survey of benefit professionals that investigated:
- why and how plan sponsors employ derivative instruments, if at all;
- what plan sponsors are doing to address investment risk in the context of fiduciary responsibilities; and
- if and how plan sponsors vet the way in which their external money managers handle investment risk, including valuation of instruments which do not trade in a ready market.
The report can be accessed by clicking on the following link:
Pension Risk Management: Derivatives, Fiduciary Duty and Process
If you have any questions or comments regarding the report, please contact Steve Siegel at ssiegel@soa.org, SOA Research Actuary.
The Investment and Pension Sections would like to thank the members of the Project Oversight Group for their time and valuable input:
- Douglas Andrews
- Michael Archer
- André Choquet
- Eric Friedman
- Ian Genno
- Gang Ma
- Andrew Peterson
- Steven Siegel, Research Actuary–Society of Actuaries