Description: This article provides some insights into how actuaries can quantify DC plan risks.

Description: In this inaugural, rotating-author column from CERAs Chartered Enterprise Risk Analysts, Minaz Lalani provides insights into the different actions that key stakeholders governments, employers, markets/financial institutions and individuals can take to manage the systemic risks that affect retirement systems in the current environment.

Description: This article recommends actions to key stakeholders to address the systemic risk in the retirement systems as employer and government based pensions reduce, and more emphasis is placed on personal savings.

Description: The authors of this report have identified three key corporate finance metrics and measures impacted by corporate pension plans that are increasingly being used by corporate decision-makers. The first is corporate leverage. The second is accounting adjustments made by rating agencies to income statements and cash flow statements. The third is the weighted average cost of capital (WACC) where it is felt that the calculation of the WACC from market data may be biased if corporate pension plans are ignored.

Description: Potential actions are recommended for key stakeholders to manage the unintended consequences of systemic risk “brewing” within the retirement system today.