Description: In today's atmosphere, the high returns available on bonds have attracted much investor interest, and it is only natural that fixed income investors look for ways to assure the maintenance of high returns on their bond portfolios. This paper explains how bond immunization offers that potential.

Description: This article presents asset/liability matching, including techniques for pension plans. Application of techniques to stabilize expense and protect plan surplus against economic fluctuations will also be discussed. From the Record of the Society of Actuaries, Vol. 21, No. 4b.

Description: The investment risk taken by a pension fund comprises strategic risk and active risk. This paper discusses the relative merits of these two types of risk to the pension fund, possible rationales for the levels of strategic and active risk typically adopted mechanisms for capturing manager skill without taking on equity risk, and issues in setting liability-based benchmarks for investment managers

Description: Chairperson’s column discussing the state of the world today and how that influences investment strategies and describes to seminars the section sponsored to keep members apprised of changes.

Description: In order for actuaries to play a valuable role in the realm of enterprise risk management ERM, they must provide value-added advice and quantitative analyses. In this paper, the authors use stochastic simulation technology to present a risk metric for defined benefit pension plans that provides improved measures of the plan’s solvency and provides a tool for pension plan managers to determine the value of risk mitigation activities.

Description: July 2012 issue of (RL) Bond Market Watch

Description: RL Asset Liability Watch, September 2012 issue

Description: This session at the SOA 1990 Dallas Spring Meeting is about the importance of matching assets and liabilities within a pension plan. Models, methodology and strategy for accomplishing ALM are discussed.

Description: A survey of available derivatives and a description of how they can be used in pension portfolios is presented. How derivatives can help investment performance, whether derivatives are appropriate for their pension assets, and the special risks associated with derivatives are also examined. From the Record of the Society of Actuaries, Vol. 21, No. 3a.

Description: This presentation discusses asset/liability management and developing investment policies. From Record of Society of Actuaries, Vol. 22, No. 2.