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Due to recent times of market volatility, North American pension plans have advanced their investment de-risking and buy-out plans with a view to fully unbundling their corporate sponsors balance sheet or one-day running their plans on a self-sufficient basis. However, managing the ever emerging issues of market uncertainty, changes in regulation, and sentiment of stakeholders adds layers of complexity to decisions about which investment vehicles to use and how best to prepare for a partial or bulk buy-out transaction.

The fifth annual Pension Plan De-Risking, North America 2019 report brings together U.S. and Canadian based pension investment officers, trustees, finance directors and treasurers to examine the challenges facing those charged with pension risk and asset-liability management, investment strategy, sponsor balance sheet management and member engagement, to explore trends in risk management focussed investing and buy-out strategies.

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Taking the best approach in an active market with rising costs and increasing liabilities


SECTION 1

THE ROAD AHEAD FOR DE-RISKING

1.1 INTERVIEW: Has the sudden turn in financial markets made pensions rethink their asset allocation strategy?
Interviewer:
- David Grana, Head of Production, Clear Path Analysis
Interviewee:
- INVITED: Robin Diamonte, Chief Investment Officer, United Technologies

1.2 ROUNDTABLE DISCUSSION: What is keeping plans from moving towards larger retiree buyouts and full plan terminations?
Moderator:
- David Grana, Head of Production, Clear Path Analysis
Panelists:
- INVITED: Jason Richards, Consultant, Willis Towers Watson

1.3 INTERVIEW: Are partial-risk transfers moving the needle enough to help manage costs and liabilities, or do plan sponsors need to make bolder moves in this space?
Interviewer:
- David Grana, Head of Production, Clear Path Analysis
Interviewee:
- INVITED: Ray G. Young, Chief Financial Officer, Archer Daniel Midlands

1.4 INTERVIEW: How are derivates playing a role in plan sponsor fixed income strategies?
Interviewer:
- David Grana, Head of Production, Clear Path Analysis
Interviewee:
- INVITED: Chuck Albrecht, Chief Investment Officer & Chairman, Volvo US Pension Retirement Trust


SECTION 2

MOVING FORWARD IN THE TRANSFER PROCESS

2.1 INTERVIEW: Timing the transfer process – when do you start selling assets and shift them to the insurer in a volatile market?
Interviewer:
- David Grana, Head of Production, Clear Path Analysis
Interviewee:
- INVITED: Robert Hunkeler, Chief Investment Officer, International Paper

2.2 INTERVIEW: Why should plan sponsors consider contracting third-party fiduciaries as part of the risk-transfer transaction?
Moderator:
- David Grana, Head of Production, Clear Path Analysis
Panelists:
- INVITED: Dan Beavan, Treasurer, AK Steel Corporation
- INVITED: Lisa Knutson, Chief Financial Officer, Scripps
- INVITED: Mary Reynolds, SVP, Treasurer, The TJX Companies

2.3 WHITE PAPER: Using technology to manage the quality of pension data in preparation for a risk transfer
- Technology sponsor


SECTION 3

REGULATION AND MARKETS

3.1 WHITE PAPER: The effects of ASOP 4 and PEPTA on public pension funding levels
- INVITED: Tom Tull, Chief Investment Officer, Employees Retirement System of Texas

3.2 DEBATE: Is cash-flow driven investing a preferred alternative to LDI to meet short-term liabilities in a market where yields just won’t budge?
Moderator:
- David Grana, Head of Production, Clear Path Analysis
Panelists:
- INVITED: Roger Boulton, Chair, Pension Investment Committee, Babcock plc
- INVITED: Aoifinn Devitt, Chief Investment Officer, Chicago Policeman’s Annuity & Benefit Fund

3.3 INTERVIEW: With yields still riding low, where are fixed income managers finding bonds to manage their portfolios?
Interviewer:
- David Grana, Head of Production, Clear Path Analysis
Interviewee:
- INVITED: Peter Ehret, Director of Internal Credit, Employees Retirement System of Texas

All our sponsorship packages are ‘tailor made’ to ensure complete success for our clients, so you can feel assured that your specific aims are being addressed. If you’re interested in any of the above benefits then please contact us below about sponsorship:

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By listening to those in the industry, we create a shortlist of individuals who most influence and inspire those around them and invite them to contribute to our reports and events by:

Contributing a thought piece on an issue raised in the market research

Participating in or moderating a roundtable with other industry leaders

Participating as an interviewer or interviewee

Producing a case study white paper written with a client or supplier

Taking part in a head to head debate with another respected industry professional.

Clear Path Analysis is always open to suggestions of suitable contributors for future topics.

Call +44 (0) 207 1931 487 or send a message

All our sponsorship packages are ‘tailor made’ to ensure complete success for our clients, so you can feel assured that your specific aims are being addressed. If you’re interested in any of the above benefits then please contact us below about sponsorship:

Call +44 (0) 207 1931 487 or send a message

All our sponsorship packages are ‘tailor made’ to ensure complete success for our clients, so you can feel assured that your specific aims are being addressed. If you’re interested in any of the above benefits then please contact us below about sponsorship:

Call +44 (0) 207 1931 487 or send a message