Pension fund investments and the valuation of liabilities under conditional indexation
de Jong,F.C.J.M.
de Jong,F.C.J.M.
Abstract
This paper reviews the investment policy of collective pension plans. We focus on funds with a collective Defined Contribution character. We suggest two reasons to invest in equities: the lack of a well-developed market in index-linked bonds, and deliberate deviations from the Defined Benefit nature of the plan. Furthermore, this paper assesses the value of limited or conditional indexation options found in many plans.
Description
Date
2008
Journal Title
Journal ISSN
Volume Title
Publisher
Research Projects
Organizational Units
Journal Issue
Keywords
SDG 1 - No Poverty
Citation
de Jong, F C J M 2008, 'Pension fund investments and the valuation of liabilities under conditional indexation', Insurance Mathematics & Economics, vol. 42, no. 1, pp. 1-13.