The news is full of stories on employers that have frozen their defined benefits plans. Actuaries and other pension professionals are more likely than ever to come into contact with a frozen plan on a regular basis. The presenters on this audiocast address several topics related to frozen plans such as:

• Planning and preparation entailed in buying annuities for frozen plans;
• For either a FAS 88 settlement or when they terminate as well as discussing the “buy-in” concept; and
• Where this may be appropriate for your clients;
• How to set long term and short term pension goals;
• Strategic investment policy - only taking risks that are expected to be rewarded when considering all assets and liabilities;
• Discussion of the systematic and non-systemic risks embedded in pension liabilities;
• Using surplus optimization to determine optimal asset portfolios;
• How synthetics such as interest rate swaps expand the surplus efficient frontier;
• Tactical considerations in moving toward optimal long term strategic benchmark; and
• Journey management - dynamically changing the asset allocation as the funded ratio changes.

Speakers