Other Views

  1. Is it time for public plans to embrace an LDI approach?

    trueOver the better part of the past decade, corporate defined benefit plans have adopted liability-driven investing, while their public plan counterparts have largely ignored this investment approach.

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  2. Using tontines to solve public pension underfunding

    trueTontines are investment vehicles that could replace large pension plans, public or private, or those of smaller employers, and could be used to provide retirement income for participants.

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  3. TVA falls through cracks as plan funding deteriorates

    trueWith widespread improvements in pension plan funded levels reported for U.S. corporations, it was alarming to learn the Tennessee Valley Authority's pension plan was only 63% funded at the end of its fiscal year Sept. 30.

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  4. Netting risk not widely understood

    trueNetting risk anywhere is a threat to returns everywhere.

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  5. Tax minimization not always the best policy

    trueGoogle Inc. shareholders were scheduled to vote on a proposal May 14, sponsored by my firm, seeking the adoption of a responsible code of conduct to guide the company's global tax strategies. I expect this proposal has prompted a quizzical reaction from many investors who assume that minimizing ...

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  6. Requiring greater accountability of MLPs for investors

    truen recent years, master limited partnerships have gained increasing popularity among stock investors.

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  7. Don't look to DC as way to address DB funding crisis

    trueLack of understanding about funding costs clouds the debate over public pension reform.

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  8. Impact of GASB's new pension rules on government bond ratings

    trueFor many public sector retirement plan sponsors, the Governmental Accounting Standards Board's new pension reporting rules couldn't have come at a worse time. The changes, effective June 15 and encapsulated in GASB Statements 67 and 68, mandate that governmental balance sheets reflect unfunded ...

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  9. FATCA's good, bad, ugly choices

    trueJuly 1 this year marks the dawn of the FATCA new world order. Giving the U.S. Internal Revenue Service unprecedented extraterritorial powers to gather information on foreign financial institutions and their underlying account holders, the Foreign Account Tax Compliance Act represents the U.S. ...

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  10. Pension funds should derisk now

    trueThe improvement of the funded status of corporate defined benefit plans offers plan sponsors and plan advisers a real opportunity to quantify and downsize risk.

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  11. Infrastructure still elusive in pension fund asset allocation

    trueThere's ample room for pension plans to increase their allocations to infrastructure.

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  12. Illusionary retirement accounts

    trueAs currently conceived, myRA helps people start saving now. What is missing is help to encourage them to save even more later.

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  13. A new cop at the SEC

    trueWith Mary Jo White now leading the Securities and Exchange Commission, senior executives of investment management firm and officials of fiduciary fund boards as well as compliance professionals alike should recognize the need to step up their game to avoid a potential run-in with the new cop on the ...

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  14. Retirement: A welcome focus from the State of the Union

    trueNot too long ago, talk of a retirement crisis, the reaction, more often than not, was “I'll believe it's a crisis when people start acting like it's a crisis.”

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