AlphaMaven AlphaMaven

Pension plan strategy considerations: illiquid investments and termination exit paths

Reported by Pionline
Nov 1, 2026· 2 min read
Save Post LinkedIn Email
Key Takeaways
  • • Gallagher Fiduciary Advisors, LLC (GFA) published a sponsored white paper, distributed through Pensions & Investments, on pension plan strategy when holding illiquid investments and evaluating termination exit paths.
  • • The white paper is labeled for institutional use only and carries a disclaimer that it is not a complete analysis and does not account for individual plan circumstances.
  • • Pensions & Investments states it has not verified or edited the white paper beyond length and style, and does not necessarily endorse the authors' analysis.
  • • Readers are directed to professional advisors before acting on any recommendation, and GFA states it does not provide accounting, legal, or tax advice.
Summary
A white paper titled "Pension Plan Strategy Considerations: Illiquid Investments and Termination Exit Paths" was published in Pensions & Investments and sponsored by Gallagher GBS Financial. The document is directed at institutional pension plan decision-makers and addresses how plans holding illiquid assets can approach the question of plan termination and the exit options available to them.

The source material provided for this summary consists almost entirely of the publisher's and sponsor's disclosures. The body of the white paper's analysis, including specific figures, asset classes, termination mechanics, or recommendations, is not included in the text available for this report, so this summary cannot describe the paper's specific findings.

Gallagher Fiduciary Advisors, LLC, an SEC-registered investment adviser and wholly owned by Gallagher Benefit Services, Inc., is identified as the investment advisory provider. The disclosures note that GFA may pay referral fees to employees of Arthur J. Gallagher & Co. or affiliates, and that such payments do not change GFA's fee. Consulting and insurance brokerage services are noted as provided by Gallagher Benefit Services, Inc. and its Canadian affiliate.

Pensions & Investments notes that the white paper's authors are solely responsible for its research and conclusions, and that the publication's inclusion of the paper does not constitute a recommendation or endorsement of any company, product, or service. Downloading the white paper shares the reader's contact information with the content sponsor.

Go deeper than the headline

Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.

Start your free 7-day trial

Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Pionline Pension plan strategy considerations: illiquid investments and termination exit paths