“Some really transformative things are going on in the world of pension plans,” noted Michael Wissell, head of Total Portfolio at Healthcare of Ontario Pension Plan. “We’re in a situation where in the next couple of years, some of the largest pools of capital will be forced to go up the risk curve because they’ll have no other choice.”

Unfunded lliabilities are about to explode in as actuaries are going to cut the discount rate. Pension plans who do not take enough risk to meet their return requirements will most likely go bust. All the levers of risk taking are going to get yanked by the coll

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