Goldman Sachs Asset Management

Historic Lows in Interest Rates Raise Questions for Corporate DB Sponsors

The recent dramatic fall in interest rates has been detrimental for long dated obligations such as defined benefit (DB) pension plans. We make some observations around the implications of the fall in interest rates for DB plans and their sponsors, and provide some thoughts around strategies they may wish to consider in the current environment.

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US Corporate Pension Mid-Year Update: Eyeing the Exit

De-risking remains a priority for many sponsors, but the recent decline in interest rates has held back improvements in funded levels from strong equity markets. Despite this, we see sponsors taking more aggressive steps in their de-risking programs, a trend we expect to continue as more seek to develop “end games” for their plans.

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July 2019

DC Viewpoints

The return of market volatility and proposed legislation to mandate the inclusion of part-time workers in 401(k) plans are just two of the highlighted topics in this issue of GSAM Defined Contribution Viewpoints.

March 2019

2018 Pension Review "First Take"

Each year, we perform a comprehensive review of defined benefit (DB) pension plans of every company in the S&P 500 and provide initial impressions on the issues and factors impacting corporate DB plan sponsors. In this year’s Pension Review “First Take:” Groundhog Day, we outline key findings from our analysis and several transitions that are impacting the pension landscape.

February 2019

Get Active in ESG

ESG (Environmental, Social and Governance) investing is, first and foremost, investing. While a common misconception is that investing with ESG principles comes at the expense of investment returns, we disagree with this view and believe the integration of ESG considerations instead makes us smarter investors.