Defined benefit plans following a liability-driven investing (LDI) strategy often look to an LDI completion manager to oversee the program. In our experience, there is a wide range of suitable approaches depending on the plan’s specific situation and objectives. A one-size-fits-all solution to liability hedging would be inappropriate and potentially more complex and/or costly than a customized program. Russell Investments’ flexible implementation platform and broader actuarial and advisory capabilities offer clients a robust range of solutions in this space. Our approach is to provide a range of LDI solutions tailored to a client’s current situation and to evolve as those needs progress.

This Strategy Spotlight paper discusses the LDI needs and highlights the appropriate solutions for each stage that plan sponsors typically fall into: early, middle, and late.