An Industry First: A Unique Pension Risk Transfer Solution From Sphinx Asia Wealth Management, Ltd.

Released on: March 11, 2012

Released on: March 11, 2012

Author: Wealth Management Dept.

The product is designated Insured LDI and it is an entirely new concept, different from traditional buy-out or buy-in solutions

Panama City, Panama (March 11, 2012) Sphinx Asia has received funding for a $10 million pension risk transfer case on the strength of an entirely unique approach to help de-risk pension plans: Insured Liability Driven Investing (Insured LDI). The sponsored process took less than six months from client inquiry to plan funding.

As the volatile market environment and regulatory changes continue to play havoc with the funded status of defined benefit pension plans, more plan sponsors are seeking strategies to reduce and/or eliminate pension risks. Such de-risking strategies range from best-efforts investment management approaches that more closely match assets to liabilities, to the use of insurance products that provide guarantees (pension risk transfer solutions). For plan sponsors not seeking to immediately terminate their plan and purchase an insurance company terminal funding buy-out contract, Sphinx Asias Insured LDI sponsored product provides a compelling alternative to best-efforts LDI strategies and buy-in pension risk transfer solutions currently available.

"Simply put, boards want to focus on their core business, and there is demand for an insurance product that can stabilize a pension plan's funded ratio and its impact on financial statements in any market environment," says Mr. Teddy Marshall, head of Business Development at Sphinx Asia

Sphinx Asias Insured LDI is a first-of-its-kind sponsored solution for just about any plan, whether active or frozen, funded or underfunded, and covering any group of plan participants, and whether or not the plan sponsor desires to ultimately terminate the plan.

The companys new Insured LDI client was managing an underfunded pension plan that, through this new solution, was able to cover its complete range of plan participants, and not just retirees.

The product addresses the pension risk transfer concerns we hear from plan sponsors, continued Mr. Marshal, Insured LDI helps plan sponsors sleep at night due to its fully transparent valuation and fees under a pay-as-you-go approach in a revocable contract, with no surrender charges.

Teddy went on to say, Sphinx Asia is extremely pleased to have helped a plan sponsor achieve a solution so quickly after launching Insured LDI. With Insured LDI, plan sponsors of all types now have a new and very different alternative to consider.

Additional information regarding Insured LDI is available at info@sphinxasia.com

by: Wealth Management Dept.

POST COMMENT

Silk Flowers- The Best Destination Flowers Hog Roast Machines For A Successful Catering Event. Tips For Full-time Teachers That Will Help The Substitute Teacher Loft Conversions Berkshire The Special Counsel From Brighton Michigan Lawyers Quick Tips To Know Proper Tyre Size A Laptop Charger Plays A Key Role In Sustaining The Longevity Of The Laptop Easier Inquiry Result On Web Tips To Opt A Steam Cleaner For Gum Removal Aeon Guide Review - How Does The Swtor Aeon Guide Work Survival Preparedness Kits Be Money-wise Before Looking For An Office Space Continuous-duty Morot Accident As Well As Methods To Becoming Damages