Although plan sponsors are more interested these days in derisking defined benefit plans, they're being held back from doing so by five myths.
That's according to a new white paper from Prudential Retirement, a business unit of Prudential Financial, Inc. Reducing Pension Risk: The Five Myths Holding Back Plan Sponsors spells out each of five common beliefs it has identified as acting as deterrents to derisking, and debunks them one by one.
Regulatory and accounting standards changes, funded volatility risk and awareness of longevity risk have driven an increase in sponsor interest in derisking. In 2012 there was an increase in pension risk transfer activity in the U.S., with General Motors and Verizon leading the way.
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