![]() |
The funded status of the typical U.S. corporate pension plan slid 0.5 percentage points to 80.7 percent in February as a decline in interest rates drove liabilities higher, according to the BNY Mellon Investment Strategy and Solutions Group (ISSG). Year to date, the funded ratio has risen 4.4 percentage points, BNY Mellon ISSG said. Liabilities for the typical corporate plan increased 1.4 percent in February, outpacing the 0.8 percent gain in assets during the month, according to the BNY Mellon Pension Summary Report for February 2012. The report attributed the gain in liabilities to the eight-basis-point decline in the Aa corporate discount rate to 4.05 percent. Plan liabilities are calculated using the yields of long-term investment grade bonds. Lower yields on these bonds result in higher liabilities. The positive asset returns were driven by the rising U.S. equity markets in February, although asset gains were limited by the slight fall in international developed markets during the month., the report said. "Plan funding levels took a small step back in February following three strong months of improvements," said Jeffrey B. Saef, managing director, BNY Mellon Investment Management, and head of the ISSG. "Political uncertainty regarding spending and revenue will likely keep funded status volatility elevated for the next several months." |
|
|
|
Capital excellence in the capital - S... | ||
London - Negotiable |
Life Reinsurance Associate - Bermuda | ||
Bermuda - Negotiable |
Life Reinsurance Director - Bermuda | ||
Bermuda - Negotiable |
Scotland - the price is right! | ||
Scotland / hybrid 2-3 dpw office-based - Negotiable |
Projects Actuary | ||
South East / hybrid 1-2 dpm office-based - Negotiable |
Technical Business Analyst - Internat... | ||
Bermuda - Negotiable |
Senior Pensions Manager - Assurance | ||
Flexible / hybrid 2-3 days p/w office-based - Negotiable |
Head of Pricing | ||
London - Negotiable |
Consultancy Bonanza! | ||
UK-wide / London / hybrid - Negotiable |
Service Delivery Manager - Pensions | ||
Scotland / remote / 2 dpm in the office - Negotiable |
Life Actuarial Student – Risk | ||
Glasgow / hybrid 2 dpw office-based - Negotiable |
ALM Strategy Specialist | ||
Bermuda - Negotiable |
Senior Casualty Reinsurance Actuary | ||
London - £140,000 Per Annum |
Senior Pensions Administrator - Midlands | ||
Birmingham / hybrid - Negotiable |
Senior Pensions Administrator - Scotland | ||
Scotland / hybrid 2 days per month office-based - Negotiable |
Investment Analyst | ||
South East / hybrid - Negotiable |
International Capital Management Actuary | ||
Bermuda - Negotiable |
VP Reserving Actuary | ||
London - £150,000 Per Annum |
Calling all BPA analysts! | ||
North West / hybrid 50/50 - Negotiable |
Financial Planning & Analysis Actuary | ||
London/Hybrid - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.