January 20, 2021
Mike Clark, Consulting Actuary, the Principal Financial Group

If asked to summarize the year 2020 in a single adjective, the one most people would select is “unprecedented”.  (At least that’s the first one that would be printable in a pension blog.) When you consider that last year included a pandemic, social unrest, political turmoil, economic…

November 23, 2020
Mike Clark, Consulting Actuary, the Principal Financial Group

Much of my role as an actuarial blogger is explaining the behavior of numbers through words, but it takes a lot of words to explain numerical behavior sometimes which leads unfortunately to acronyms. One of the most significant acronyms used in managing pension risk is “LDI” for “liability…