Many pension sponsors lack a clear strategy to reduce plan risk, even in favorable markets. A feasibility study helps evaluate funded status, assess de-risking options, and create an integrated funding, investment, and settlement plan. Strong data quality is also essential for successful pension risk transfers, and remediation efforts—such as death audits and cleaning up deferred vested records—can lower liabilities and reduce costs.

In April, we wrote about how interest rate volatility can create real opportunities for pension plan sponsors, and specifically how the gap between lump sum calculation rates and accounting liabilities can generate meaningful arbitrage. That opportunity is no longer hypothetical. Rates climbed 35 basis points from late April through May 18, briefly pushing the 30-year Treasury to 5.197%, its highest level in roughly 18 years. You have to go back to the months before the 20

Hockey has been part of my life since I could walk. After my playing days, I spent the last 12 years coaching year-round and running a development program. Over that time, I've seen training evolve dramatically. A skating-first development model, long emphasized in Europe, has gained real traction here in Minnesota. Skating fundamentals, edgework, and individual skill development are the foundation of everything. You would never have seen seven-year-olds 20 years ago executin