With cutting-edge risk management platforms, a lot of the legwork is already taken care of, enabling reaction times to be transformed from weeks or months, to a matter of days. (Photo: Shutterstock)
Managing risk is a growing priority for U.S. defined benefit (DB) pension plans. Market shifts, tax deductions and changes in accounting procedures — combined with rising Pension Benefit Guaranty Corporation (PBGC) premiums — are driving DB plans to assess how soon they want to terminate and the best way to do it. Having effective risk management solutions can help plans respond and take advantage of such developments.
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