Pension Risk News and Trends:Entering 2011

Updated Regularly at www.PensionRiskNews.com

Pension Risk News

• Companies Selling Bonds to Help Cover their Pension Costs http://bit.ly/fX8B8K

• 2200 San Diego Retired or Current Workers Have Problems http://bit.ly/eWQjKi

• Nyhart Actuaries Design New 401(k) Plan http://bit.ly/ebC3aU

• Pension Benefit Guaranty Corp Nears Record Deficit http://bit.ly/hlcafl

Risk News, Continued

• $4.1 Billion in Pension Bonds May Be Sold By Illinois http://bit.ly/ggLbv5

• No More Investment Consulting for Public Sector Defined Benefits Plans by Mercer http://bit.ly/i7yUpw

• $800 million jump in accrual retirement costs for the Army, Navy, Air Force and Marine Corps http://bit.ly/gUa99V

Pension Risk Trends

• Life Expectancy Increases Are Messing With Pensions http://bit.ly/h1FHDH

• Maybe Canada Should Raise Their Retirement Age http://bit.ly/eKNfC4

• European Insurers versus European Pension Funds: Who Will Win the Solvency II Argument? http://bit.ly/g5ePuh

• Should New Jersey Declare Bankruptcy Over Their Pension Deficit? http://bit.ly/dEQBnb

Risk Trends, Continued

• San Jose Voters Support Pension Reform; SF Voters Defeat it http://bit.ly/heX1KU

• Will HR Consulting Be Priced Like a Plentiful Commodity? http://bit.ly/e5mOT2

• 10 Barriers to Retirement Planning Advice Identified by Actuaries http://bit.ly/gLLflj

• Germany is on the Cutting Edge of Liability-Driven Investment http://bit.ly/g2O1m4

Risk Trends, Continued

• NY Times discusses US States’ Pension Accounting http://bit.ly/hHwDPd

• Solvency II will affect Pension Firms ability to Invest Freely http://bit.ly/9ndw9c

• Are You a Benefits Consultant? Expect Mergers. Expect Acquisitions. Expect Both. http://bit.ly/9mvrCo

New Companies Launch

• SECOR Asset Management Launched http://bit.ly/ff7Brz

• Harper Danesh, Actuarial Consulting and Retirement Planning Services Firm, Launches http://bit.ly/bifZLr

Existing Company Growth

• PwC to Grow their Pensions Area Lots http://bit.ly/gauhPK

• PwC UK Hires 10, including Chris Venables, Actuary http://bit.ly/hrgbGW

• Bolton Partners, Actuaries, Investment Consultants, Are Growing in Baltimore http://bit.ly/dkZxch

• Mercer Plans to Grow in Belfast, Northern Ireland with 45 New Jobs http://bit.ly/cdC5uM

Mergers and Acquisitions

• Trion benefits firm sold to Marsh http://bit.ly/hojZ8b

• Stephen R Thomas Actuarial Associates sold to Bolton Partners http://bit.ly/efgVp0

Websites

• MallowStreet is an Online Pensions Community http://bit.ly/fZQkJz

Personnel Moves

• Jim Collins named Chief Actuary at Pension Corporation http://bit.ly/dMbpqk

• CalPERS seeks CFO http://bit.ly/gTpYPz • Umar Ilyas, Head of Consultancy Relations

and Investment Actuary, joins Investment Solutions http://bit.ly/i1XleX

• Richard Sych, Actuary, named President of Hooker & Holcombe http://bit.ly/gLH3s5

Moves, Continued

• Rachel Banham, Nick Bunch, Tom Durkin, Laura McMaster and Alex Whitley Promoted http://bit.ly/c253D9

• Chief Risk Officer (CRO) sought at CalPERS http://bit.ly/gL2XJz

Wrap Up

• www.PensionRiskNews.com is regularly updated with pension risk news, trends and information

• Also see www.ClaudePenland.com • Thank you!