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Towards sustainable retirement planning of wageworkers in Thailand : a qualitative approach in behavioral segmentation and financial pain point identification

Chavis Ketkaew; Van Wouwe, Martine; Jorissen, Ann; … - In: Risks : open access journal 10 (2022) 1, pp. 1-30

income to cover basic needs after retirement, there will be economic repercussions if the situation is not handled soon. The … government and financial institutions have been encouraging Thai citizens to prepare retirement plans but lack understanding of … the root causes of being unprepared for retirement. The objectives of this qualitative research were to explore the …

Persistent link: https://www.econbiz.de/10012805342

An optimal Turkish private pension plan with a guarantee feature

İşcanoğlu Çekiç, Ayşegül - In: Risks : open access journal 4 (2016) 3, pp. 1-12

The Turkish Private Pension System is an investment system which aims to generate income for future consumption. This is a volunteer system, and the contributions are held in individual portfolios. Therefore, management of the funds is an important issue for both the participants and the...

Persistent link: https://www.econbiz.de/10011507764

Portability, salary and asset price risk : a continuous-time expected utility comparison of DB and DC pension plans

Chen, An; Uzelac, Filip - In: Risks : open access journal 3 (2015) 1, pp. 77-102

This paper compares two different types of private retirement plans from the perspective of a representative …

Persistent link: https://www.econbiz.de/10010509440

Effects of gainsharing provisions on the selection of a discount rate for a defined benefit pension plan

Rietz, Robert J.; Cronick, Evan; Mathers, Shelb; … - In: Risks : open access journal 5 (2017) 2, pp. 1-10

This paper examines the effect of gainsharing provisions on the selection of a discount rate for a defined benefit pension plan. The paper uses a traditional actuarial approach of discounting liabilities using the expected return of the associated pension fund. A stochastic Excel model was...

Persistent link: https://www.econbiz.de/10011687299

The role of inflation-indexed bond in optimal management of defined contribution pension plan during the decumulation phase

Zhang, Xiaoyi; Guo, Junyi - In: Risks : open access journal 6 (2018) 2, pp. 1-16

This paper investigates the optimal investment strategy for a defined contribution (DC) pension plan during the decumulation phase which is risk-averse and pays close attention to inflation risk. The plan aims to maximize the expected constant relative risk aversion (CRRA) utility from the...

Persistent link: https://www.econbiz.de/10011811720

Minimum protection in DC funding pension plans and Margrabe options

Devolder, Pierre; Valeriola, Sébastien de - In: Risks : open access journal 5 (2017) 1, pp. 1-14

The regulation on the Belgian occupational pension schemes has been recently changed. The new law allows for employers to choose between two different types of guarantees to offer to their affiliates. In this paper, we address the question arising naturally: which of the two guarantees is the...

Persistent link: https://www.econbiz.de/10011636195

A discussion of a risk-sharing pension plan

Donnelly, Catherine - In: Risks : open access journal 5 (2017) 1, pp. 1-20

I show that risk-sharing pension plans can reduce some of the shortcomings of defined benefit and defined contributions plans. The risk-sharing pension plan presented aims to improve the stability of benefits paid to generations of members, while allowing them to enjoy the expected advantages of...

Persistent link: https://www.econbiz.de/10011636555

On valuation and investments of pension plans in discrete incomplete markets

Anthropelos, Michail; Blontzou, Evmorfia - In: Risks : open access journal 11 (2023) 6, pp. 1-24

We study the valuation of a pension fund's obligations in a discrete time and space incomplete market model. The market's incompleteness stems from the non-replicability of the wage process that finances the pension plan through time. The contingent defined-benefit liability of the pension fund...

Persistent link: https://www.econbiz.de/10014334502

A guaranteed-return structured product as an investment risk-hedging instrument in pension savings plans

Afik, Zvika; Hadad, Elroi; Yosef, Rami - In: Risks : open access journal 11 (2023) 6, pp. 1-16

This study proposes a structured product (SP) for hedging defined contribution pension fund members against capital market risk. Using Monte Carlo simulations on three different guaranteed returns to test the investment strategy of the SP against a balanced investment portfolio, we measure their...

Persistent link: https://www.econbiz.de/10014334531

The role of longevity-indexed bond in risk management of aggregated defined benefit pension scheme

Zhang, Xiaoyi; Li, Yanan; Guo, Junyi - In: Risks : open access journal 12 (2024) 3, pp. 1-17

Defined benefit (DB) pension plans are a primary type of pension schemes with the sponsor assuming most of the risks. Longevity-indexed bonds have been used to hedge or transfer risks in pension plans. Our objective is to study an aggregated DB pension plan's optimal risk management problem...

Persistent link: https://www.econbiz.de/10014497428