Bovenberg, A Lans; Nijman, Theo E - C.E.P.R. Discussion Papers - 2015
illiquid capital, complementing public retirement provision, reducing the interest-rate sensitivity of pensions and smoothing …Private pension provision faces the challenging task of providing stable income streams during retirement. The … these developments, policyholders desire pensions tailored to their individual needs. This paper proposes a new type of …