Risk
What Happens if US Debt Defaults? Just Short-Term Pain, Sages Say
Drawing lessons from history, any federal failure to pay should be a hiccup, albeit an expensive one.
Tag: International Paper
Newsmakers
Preparing an Internal Successor Requires ‘Looking to the Future’
A case study on internal CIO succession, with Carol Tusch replacing Bob Hunkeler at International Paper.
Manager Selection
International Paper Promotes Tusch to Oversee Pension and Savings Plans
Current Deputy CIO Carol Tusch is replacing Bob Hunkeler, who will retire at the end of the quarter after leading the investment office of International Paper for 26 years.
Pensions
Special Report: Will Pension Risk Transfers Someday Control All DB Plans?
The trend is mounting for corporate sponsors to shunt liabilities to insurers. But some don’t want to do that, and others can’t.
International Paper, Prudential Make $1.6 Billion Group Annuity Deal
Prudential will take over the benefit obligations of 23,000 retirees.
Asset Management Culture
Interrogation: Bob Hunkeler
His thoughts on date triggers, derivatives, and International Paper’s $1 billion debt offering to fund its DB plan.
The Ins and Outs of Pension Risk Transfers
Following the $1.3 billion group annuity purchase of 45,000 International Paper pensions, Prudential’s senior vice president and actuary shows CIO how it’s done.
Newsmakers
International Paper to Make $1.25 Billion Pension Contribution
The move is part of a long-term de-risking program at the company.
More Corporate Pension Plans Transferring Risk, Milliman reports
Despite fluctuations, the largest pension plans ended 2016 with their funded ratios little changed.