2024 presents a number of opportunities for plan sponsors according to leading advisor group
BOSTON, Jan. 17, 2024 /PRNewswire/ -- Agilis Partners LLC, a leading investment, actuarial and risk management group, announced key research-based insights looking back on pension activity in 2023 and the key themes expected to shape the pensions landscape in 2024.
According to Agilis, in 2023:
"The volatility in discount rates over the last two months of the year, highlights the need for plan sponsors to carefully watch the quick changes in the market to take advantage of funded status increases that may come and go in the blink of an eye," said Michael Clark, Managing Director at Agilis. "Going into 2024, plan sponsors will want to consider continued de-risking strategies, potential plan terminations, and investment strategies that can help them improve their overall funded status positions."
In a pensions outlook for 2024, Agilis expects:
"2024 is going to present a number of opportunities for plan sponsors," said Tom Cassara, CEO of Agilis. "Plan terminations and retiree carveouts continue to remain attractive. First quarter annuity purchases are already looking strong, and additional insurers are considering entering the pension risk transfer market. This would increase competition, open up capacity, and drive attractive pricing for plan sponsors looking to derisk their pension plans in the future."
Agilis partners with organizations to design and implement custom solutions for their investments and liabilities while properly managing risk. For more information please visit https://agilis.llc/resources/.
About Agilis
Agilis provides actuarial and investment consulting using a strategic approach to create innovative solutions for our clients, leading them on the journey through implementation. Focused on solutions entailing outsourced CIO (OCIO), actuarial and investment consulting, derivatives management, specialty investment management strategies, pension administration services, annuity buyouts and plan terminations, and pooled employer 401(k) consulting, we find dynamic solutions that create financial momentum for our clients and create breakthrough strategies to seize growth opportunities. For more information, please visit https://agilis.llc/.
SOURCE Agilis
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