PENSION RISK MATTERS
Monday, December 18, 2006


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Tis the Season for All Pension Fiduciaries


Dear Santa:

I've been a good pension fiduciary this year so I hope you remember me in a few days. It's been a tough year, with 2007 definitely looking grim. Do I merit a few extra brownie points for tackling my work with a smile and "can do" attitude? I'm trying hard but each day seems to bring a bundle of new challenges.

Here's the rest of my wish list.

1. Ten percent or better equity returns

2. Conflict-free service providers who really try to understand what problems we need to solve

3. Regulatory guidance that promotes a better understanding of how to comply with the Pension Protection Act of 2006

4. Recognition that my job is important

5. Liability insurance protection that helps me do a good job without worrying about significant personal exposure

6. Clarity about the incremental risks associated with strategies such as liability-driven investing, portable alpha and plan design

7. No major hedge fund blow-ups

8. Consultants and money managers who speak plainly

9. User-friendly analytics that support fiduciary due diligence

10. Vacation between the "pension problem" and the "health care crisis"
I better stop here so I can get this note to the North Pole in time for a jolly holiday arrival. By the way, what is your pension plan like? Say hi to Rudolph.

Thanks Santa!

HWPF
Hard Working Pension Fiduciary


Editor's Note:

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posted by Susan Mangiero at 12/18/2006 12:02:00 AM