.s investment risk to estimate the prospective total assets and the conditional prospective funding rate. Both applications show …

choice problem concerns the investment of an amount of money in a safe option and a risky option when there is a "global risk …

, investment style, trade type (agency, single, or principal), and trading venue. …

Administrative and investment costs per participant appear to vary widely across pension funds. These costs are …,000 observations. We find that economies of scale dominate the strong dispersion in both administrative and investment costs across …

This paper is the first that formally compares investment risk taking by pension funds and insurance firms. Using a … unique and extended dataset that covers the volatile investment period 1995-2009, we find that, in the Netherlands, insurers … take substantially less investment risk than pension funds, even though a market risk capital charge for insurers is yet …

pension funds pursuing an aggressive investment policy. However, this comes at an additional cost. Beneficiaries of pension … funds with conservative investment policies are better off under solvency requirements. …

This paper assesses the sophistication of pension funds' investment policies using data on 748 Dutch pension funds … during the 19992006 period. We develop three indicators of sophistication: gross rounding of investment choices, investments … sophisticated asset allocation rules tend to opt for investment strategies with a lower risk-return profile. …

This paper analyzes optimal investment policies for pension funds of a defined benefit (DB) type. The nature of a DB … investment policies of six large Dutch pension funds. …