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Plasm: Pension Liability and Asset Simulation Model
The Journal of Finance, 1982THE MANAGEMENT OF A pension system involves making decisions regarding (1) the variety and level of benefits to be provided, (2) the manner in which such benefits will be financed, and (3) the investment of pension assets. Decisions in these three areas have not been coordinated for many pension plans. The personnel department generally establishes the
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Asset allocation for pension provision [PDF]
Financial provision for old age is a serious issue. This paper therefore begins by outlining the pension situation in Germany, arriving at the conclusion that, as matters stand at present, none of the three "pillars" of pension provision - state and occupational pensions and private pension schemes - can sufficiently guarantee adequate retirement ...
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Pension Fund Asset Valuation and Investment
British Actuarial Journal, 1995ABSTRACTThe theoretical basis for, and practical application of, the discounted income method for valuing UK pension fund assets is discussed, with particular reference to the widely adopted application to variable income (equity type) assets, as proposed by Day & McKelvey (1964), in the context of both the management and compliance objectives of ...
A.C.L. Dyson, C.J. Exley
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Pension fund liabilities and asset matching
Journal of the Institute of Actuaries, 19811.1. The concept of matching assets and liabilities has for many years been recognized as a crucial aspect of our professional work. Its importance is emphasized in the Institute's guidance notes entitled “Actuaries and Long-Term Insurance Business” and in many papers published in the Journal.1.2. A particular form of matching, namely immunization, was
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Economic Surplus and Pension Asset Management
SSRN Electronic Journal, 1989The popularity of the "surplus" framework for pension plan asset management reflects an understanding that the level and nature of the firm's pension liabilities should be an integral part of the investment decision. However, the value of the approach depends on whether economically meaningful liabilities are being employed.
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Pension Funds in Emerging Markets: A Projection of Mexican Pension Assets
2022Martha Angelica Leon Alvarado +1 more
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Asset-Liability Management in Pension Financing
La Gestion Actif-Passif de la Finance des Retraites Malgré les évolutions significatives des systèmes de retraite, notamment le passage de systèmes par répartition à des systèmes par capitalisation, plusieurs problèmes subsistent. La structure démographique est un des principaux facteurs de risque systémique, menaçant l’équilibre des ...openaire +1 more source

