This year has been fair to defined benefit (DB) plan sponsors in the U.S. and U.K. so far, where the funded status of plans are improving or at least holding steady.
A recent Ontario case reminds plan sponsors of their
duty to invest pension assets by establishing an effective
process for selecting and monitoring investments.
Responding to plan sponsors’ risk management concerns, custodians are examining the organization and effectiveness of their businesses and increasing visibility into their operations.