2020 Unprecedented…Yet More of the Same for DB Plans
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…
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A Proposal for LDI Semantical Precision
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…
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