NEPC’s Jake Mallinson was quoted in a recent Pensions & Investments article that covers NEPC’s 2023 Defined Benefit survey to discuss why higher rates and inflation are actually good news for funded status and frozen plans. View the article on Pensions & Investments’ site here.
U.S. corporate DB plans continue to see their funding ratios improve and remain focused on funded status, a survey from NEPC indicated.
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“It pays to be a saver,” said Jake Mallinson, consultant with NEPC’s defined benefit team, in a Nov. 9 news release. “Higher rates and higher inflation are typically good news for funded status and frozen plans, as higher discount rates reduce the value of liabilities. While equity valuations are down, forward-looking return assumptions (especially for fixed income investments) fare better.”
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