Pension investing in 60 seconds: Will there be enough long-term credit?

January 4, 2019

A/AText size:AAA

With the trend toward derisking in pension plans, could long-term bonds be in short supply? In this video, Chris Alwine, head of Vanguard's global credit team, and Brett Dutton, lead actuary and head of Vanguard's pension strategy and analysis team, discuss supply and demand in the fixed income markets and explain why it matters that everything is interconnected.

Vanguard Pension Advisory Solutions can help manage your pension plan, by offering a co-fiduciary partnership that gives you direct access to our sophisticated pension investment capabilities.

Read transcript  

For additional videos in this series, see Related Items.


  • All investing is subject to risk, including the possible loss of the money you invest. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Past performance is no guarantee of future returns.
  • Bonds are subject to the risk that an issuer will fail to make payments on time and that bond prices will decline because of rising interest rates or negative perceptions of an issuer's ability to make payments. While U.S. Treasury or government agency securities provide substantial protection against credit risk, they do not protect investors against price changes due to changing interest rates.