Topics of Interest

A Brief Guide to the SFA Program

In this paper, we plan to approach the Special Financial Assistance (SFA) program from an investment perspective. First, we describe the interest rate rules. Next, we offer some ways in which investors may think about their legacy assets relative to their new SFA funds. This section concludes by outlining a strategy in which SFA funds… More

October 2022

Minding the gap: Insights into actuarial assumed rate of return

As consultants, we are often asked “how can we support a strategic asset allocation with an expected return (ER) that is different from the actuarial assumed rate of return (AARR)?” We believe Plan sponsors with a gap between these two metrics should work to bring the ER and AARR in line. Boards may face modest… More

October 2022