Many companies are taking a second look at their investments as they look for ways to fund pension obligations while minimizing risk, experts say. For some, that means pulling back from liability-driven investment strategies in favor of a higher equity mix, especially if plans are underfunded, explains John Ehrhardt, author of Milliman's annual pension funding survey. However, continued market volatility and proposed accounting changes for pensions could make equities unattractive in the long term, experts warn.

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