The role of employers in setting up and overseeing pension schemes offered to their employees and the quality of … adds to the debate by showing that institutional differences in setting up DC personal contracts with pension providers … result in statistically and economically different performance of pension investments. Using a large sample of UK personal …

Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by … show that the measures taken are often poorly designed and consequently misaligned with the pension scheme’s ultimate goals … among generations. We show that in policy designs in which extended working lives translate into additional pension …

Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by … show that the measures taken are often poorly designed and consequently misaligned with the pension scheme’s ultimate goals … among generations. We show that in policy designs in which extended working lives translate into additional pension …

Pension reforms have been high on the political agenda in many developed countries over recent years and pension issues …, public and private pension systems fiscally more sustainable in the light of demographic change. In many developed countries … governments in emerging economies and developing countries have been pursuing their own pension reform agendas. Nevertheless …

This paper uses stochastic simulations on calibrated models to assess the steady state impact of different pension … different types of pension system and where there are imperfections in financial markets (eg transactions costs or adverse …

asset-liability management (ALM) problem for pension schemes. It requires the estimation of fewer stochastic parameters …-world pension scheme, and the first ALM model of a pension scheme to maximize the Sharpe ratio. We disaggregate pension liabilities …

period of a model defined benefit pension scheme is performed, using the old and new frameworks of the Pension Protection …

In this paper we consider three types of embedded options in pension benefit design.The first is the Florida second … defined contribution (DC) and defined benefit (DB) pension plans. Employees who initially join the DC plan have the option to … Obligation), which is the expected present value of the accrued DB pension at the time of the switch. If the ABO is greater than …