Relatively few U.S. pension managers are paying much attention to risk factors such as mortality risk, longevity risk and early retirement risk.
Researchers at a unit of MetLife Inc., New York, present that warning in an analysis of defined benefit pension risk management based on a telephone survey of 168 corporate pension plan sponsors.
More than 40% of the participants rated asset allocation, meeting return goals, underfunding of liabilities and and asset and liability mismatch as important, the MetLife researchers report.