In the initial presentation, the author differentiates between risk and uncertainty and the challenges presented to corporate and public plan pension plan asset management as well as university endowment management. Additionally addressed is a retirement decumulation technique for individuals.

Research projects in pension - Pension Risk Management: Derivatives, Fiduciary Duty and Process by Susan Mangiero

2007 Asset Liability Management Conference, Phoenix. This seminar on ALM focused on implementing a liability driven investment framework. Areas addressed: 1. What is LDI? 2. What’s driving move to LDI? 3. LDI Framework. 4. Implementing the LDI Framework. 5. Benchmarking.

2007 Asset Liability Management Conference, Phoenix. This seminar on Asset Liability Management focused on strategies for managing inflation and longevity risk in pension plans. Topics covered: 1. Overview of defined benefit pension risks 2. Measuring and managing inflation risk 3. Measuring and managing longevity risk

2007 Asset Liability Management Conference, Phoenix. This 2007 seminar focused on asset management within an ALM framework. Topics covered: 1. Focus on asset returns. 2. Assets managed against benchmark. – Asset-only benchmark. – Liability-driven benchmark. 3. Investment i.e. asset-only objectives specified by client. 4. Beating benchmark and/or achieving investment objectives does not necessarily mean financial objectives will be m.

Derivatives and alternative investments are both becoming increasingly important to pension plans. This presentation reviews the basics of what actuaries need to know about these developments. From the SOA 2010 Annual Meeting & Exhibit: Session 43 PD

This presentation explores management options for the pension risks associated with defined benefit plan terminations. Settlement/exit options, funding options and investment options are covered. Three cases studies are reviewed as well as the alternative considerations for an interactive case study are presented. From the SOA Annual Meeting, Session 118 OF, October 2011.

Derivatives and alternative investments are both becoming increasingly important to pension plans. This presentation reviews the basics of what actuaries need to know about these developments. From the SOA 2010 Annual Meeting & Exhibit: Session 43 PD

Aging of the population raises many questions and issues for individuals, families, and society: economic, political, social, psychological, medical, ethical, moral, religious, and legal, all of which bear on the quality of life in its many dimensions. This article is concerned with the implications of demographic and labor force changes for work and retirement. It discusses the role of gradual or phased retirement in introducing flexibility into the range of choices between work and retirement. For NAAJ, July 2003, Volume 7, Number 3.

With rates near record low levels and no immediate end in sight, how should insurance companies think about risk management? Whether you are designing or managing a block of variable or equity indexed products, the low rate environment presents additional risks which need to be managed. This session will focus specifically on risks in a low rate environment and consider the role of hedging and product design in managing those risks in variable and equity indexed annuities. At the conclusion of the session, you’ll be able to identify potential sources of risk in their product portfolio due to low interest rates, determine possible risk mitigation strategies to take and evaluate their long term feasibility.