This paper explores the introduction of collective risk-reallocation elements in defined contribution pension contracts …. We consider status-contingent, age-contingent and asset-contingent arrangements to reallocate risk among participants …. Eliminating asset market risk for the retired raises their welfare, while it lowers welfare of the workers, despite the fact that …

Wirkung als zentrale Strategie betrachtet. Basierend auf der Shareholder Salience Theorie wird die theoretische Grundlage für … nachhaltiger Anlagestrategien auf CO2-Bilanz, Performance und Shortfall-Risiko von Anlageportfolios gemessen werden kann … increase the chance of successful engagements are analyzed based on shareholder salience theory. Additionally the research …

, in bearish markets the classic insurance concept shows better returns. A stop loss strategy suffers from gap risk, whence … a CPPI strategy combines the strength of both gap risk minimization and equity ratio maximization. The effect of fees on …

The approach shows the scientific background of eliminating the market risk of an optimized portfolio and the use of …