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Designing and pricing guarantee options in defined contribution pension plans
Consiglio, Andrea; Tumminello, Michele; Zenios, Stauros … - In: Insurance / Mathematics & economics 65 (2015), pp. 267-279
Persistent link: https://www.econbiz.de/10011428673
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Valuatin of an early exercise defined benefit underpin hybrid pension
Zhu, Xiaobai; Hardy, Mary Rosalyn; Saunders, David M. - In: Scandinavian actuarial journal (2018) 9, pp. 823-844
Persistent link: https://www.econbiz.de/10011939749
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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
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Four contributions to quantitative financial risk management
Detering, Nils - 2014
Persistent link: https://www.econbiz.de/10010403476
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Explaining the Valuation of Annuities and Lumpsum Options
Ponds, Eduard H.M; Hensen, Niek; Spliethoff, Jane - 2023
This paper analyzes how individuals value the two main payout options of retirement wealth accrued in a pension plan: a lifelong income stream offered via an annuity or as a lumpsum. A better knowledge of the drivers behind the financial valuation of pension options contributes to the...
Persistent link: https://www.econbiz.de/10014350422
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Piecewise linear boundary crossing probabilities, barrier options, and variable annuities
Lee, Hangsuck; Ha, Hongjun; Lee, Minha - In: The journal of futures markets 42 (2022) 12, pp. 2248-2272
Persistent link: https://www.econbiz.de/10013465884
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Investment Industry Claims Debunked : Smart Personal Finance Management For Ordinary Folks, Before and After Retirement
Kurshan, Robert P. - 2022
Chapter 1: How To Get Richer -- Chapter 2 Deciding What To Invest In -- Chapter 3: Understanding Risk -- Chapter 4: How Much to Hold In Fixed Income Investments -- Chapter 5: When to Exchange Equity for Fixed Income Investments -- Chapter 6: Calculating Spending -- Chapter 7: Insurance Mediates...
Persistent link: https://www.econbiz.de/10012814661
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The birth of the life market
Blake, David (contributor); Cairns, Andrew (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003814818
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Supporting Retirement Expenditure Using a Combination of State Pension, Investment Portfolio, Bond Ladders, and Annuities
Stocker, Alan - 2022
escalation and inflation linked options), bond ladders, and investment portfolio. Assuming an annual decline in expenditure of 1 …, while a bond ladder provides the best solution when the baseline income is greater than about 20% of the initial portfolio …
Persistent link: https://www.econbiz.de/10014235887
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The Annuity Wager : Can Bonds Outperform a Life Annuity?
McQuarrie, Edward F. - 2022
some probability of ruin in either case: the bond portfolio may be exhausted while the bettor is still alive, or the bettor … may die before the bond portfolio runs down. The paper applies a historical rather than mathematical lens to calculate the … bond yields are very low. However, if the annuity provider cannot harvest a spread over the safe government bond yield and …
Persistent link: https://www.econbiz.de/10013404373