The Corporate Pension Liability Accounting Components
While the specific calculation of the pension liability can take different forms, core principles always apply to the valuation. An...
Constructing the Corporate Pension Liability
Actuaries must forecast the future along two dimensions to construct the liability: demographic and economic. The relative stability of...
Defining the Corporate Pension Liability
There are two drivers of the liability’s size. First, the forecast of the amount of cash flows payable during retirement. Second, the...
Accounting for Corporate Pensions
The key to a successful defined benefit pension plan is managing risk. The pension plan is a significant employee benefit that supports...
The 6A's of Risk Management
The essence of investing is risk management as it defines the risks to accept and the risks to avoid. Inherent in the investment decision...
Capital Risk in Corporate Pensions
Corporate pension managers have not enjoyed the last fifteen years. The confluence of lower interests and equity performance resulted in...
Executing the 6 A's of Strategy
Strategic management requires clarity of vision and mission. Equally important is execution. Mistakes in planning are usually addressable...
Planning the 6 A's of Strategy
Crafting a strategy starts with asking artful questions and, as with all insight, the nature of the questions asked will determine the...
The 6 A's of Strategy
Strategy development is difficult in practice and definition. Of course, when it is difficult to define your objective, then achieving it...
Snap, Crackle, Pop
Snap's initial public offering is testing the patience of investors in many ways. From an unprecedented offering without any voting...