There is little sense of urgency in the way most companies are managing their pension risks and assets despite the rise of new funding and accounting rules, a new study shows.

The study—Pension Plan Risk: Using the Calm Before the Next Storm, which was conducted by Towers Perrin and CFO Research Services—shows that most of the senior corporate financial executives surveyed seem to be taking a “business as usual” approach today with respect to their organizations’ pension plans.

“The recent economic climate pushed many companies’ pension plans into the black and diminished the sense of urgency that prompts companies to address pension risk,” says Cecil Hemingway, principal and head of Towers Perrin’s legacy pension solutions consulting practice.

While a number of companies have recently attempted to address their pension plan financial risks through plan design changes, only a relatively few have adopted financial strategies that address pension liabilities incurred in the past.

The research included interviews and a survey of 174 U.S. and U.K. executives at companies with defined benefit plans.

To read the study, click here.

To comment on this story email craig.sebastiano@rci.rogers.com.

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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