This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They … present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of …

United Kingdom and can lead to procyclical investment behaviour by pension funds.<P>Réformer l'estimation et le financement …

This paper provides a stylised assessment of the impact of investment-relevant pension fund regulations and accounting … rules on contribution and investment strategies within the context of an asset-liability model (ALM) specifically designed … affect funding costs primarily through the choice of investment strategy. Strict funding regulations may force sponsors to …

This paper assesses the impact of different quantitative approaches to regulate investment risk on the retirement … investment policies available and, through this channel, how they affect the retirement income that an individual may expect from … conservative investment policies where the share of assets allocated to bonds may be quite large. However, this comes at the cost …

This paper assesses the relative performance of different investment strategies for different structures of the payout … phase. In particular, it looks at whether the specific glide-path of life-cycle investment strategies and the introduction … of dynamic features in the design of default investment strategies affect significantly retirement income outcomes. The …