Perspective: The new world of pension financial management -- optimally balancing risk and return

Two forces are creating a new world of pension financial management: increased transparency due to revised funding and accounting rules, plus the shift from defined benefit to defined contribution programs. To manage these changes, pension plan sponsors need to understand and apply a new financial management framework: Integrated Retirement Financial Management (iRFM). As this Perspective highlights, iRFM helps sponsors achieve the right balance of pension risks and returns through integrated implementation of three financial management policy levers: contributions, investment, and design.  (Perspective, 9 May 2007, 1 page)

• Full Perspective (PDF)

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