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defined contribution

The Sustainable Rate of Return of Defined Contribution Pension Schemes

The Sustainable Rate of Return of Defined Contribution Pension Schemes

... that Defined-­‐Contribution (DC) schemes provide all individuals with a personal, interest-­‐bearing account that registers all individual contributions paid in during active ...in defined-­‐benefit ...

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New Considerations about the Switch Criterion for Defined Contribution Pension SchemeEmanuela Pasqualitto

New Considerations about the Switch Criterion for Defined Contribution Pension SchemeEmanuela Pasqualitto

... for defined contribution pension schemes" for the purpose of considering whether the most realistic market conditions in which to operate, the model itself may allow to obtain better ...

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Optimal investment choices post-retirement in a defined contribution pension scheme

Optimal investment choices post-retirement in a defined contribution pension scheme

... In defined contribution pension schemes, the financial risk is borne by the member. Financial risk occurs both during the accumulation phase (investment risk) and at retirement, when the annuity is bought ...

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Optimal investment strategies and risk measures in defined contribution pension schemes

Optimal investment strategies and risk measures in defined contribution pension schemes

... In this paper, we derive a formula for the optimal investment allocation (derived from a dynamic programming approach) in a defined contribution (DC) pension scheme whose fund is invested in n assets. We ...

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Appropriateness of Default Investment Options in Defined Contribution Plans: The Australian Evidence

Appropriateness of Default Investment Options in Defined Contribution Plans: The Australian Evidence

... in defined contribution (DC) plans who refrain from exercising investment choice, plan contributions are invested following the default investment option of their respective ...

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The Mexican Defined Contribution Pension System: Perspective for Low Income Workers

The Mexican Defined Contribution Pension System: Perspective for Low Income Workers

... As mentioned in section 3, there are two distinctive elements of the IMSS defined contribution pension system: the minimum pension guarantee and the Cuota Social. In the first case, the effect is similar to ...

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Employer Related Determinants of Scheme Design in Occupational Defined Contribution Schemes in Kenya

Employer Related Determinants of Scheme Design in Occupational Defined Contribution Schemes in Kenya

... This paper aims to provide an understanding of employer related determinants of scheme design in occupational defined contribution schemes (ODCS) in Kenya. ODCS involve no promises about the size of the ...

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Trustee Related Determinants of Scheme Design in Occupational Defined Contribution Schemes in Kenya

Trustee Related Determinants of Scheme Design in Occupational Defined Contribution Schemes in Kenya

... This paper aims to provide an understanding of trustee related determinants of scheme design in occupational defined contribution schemes (ODCS) in Kenya. ODCS involve no promises about the size of the ...

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Returning to the Core - Rediscovering a Role for Real Estate in Defined Contribution Pension Schemes

Returning to the Core - Rediscovering a Role for Real Estate in Defined Contribution Pension Schemes

... environment. Defined contribution schemes open to new members are now much more common than defined benefit schemes, especially in the private ...small, defined contribution or ...

105

The minimum pension as an instrument of poverty protection in the defined contribution pension system – an example of Poland

The minimum pension as an instrument of poverty protection in the defined contribution pension system – an example of Poland

... In the ageing world, pensions systems’ design frequently evolves towards systems that are based on actuarially neutral principle. Notional-defined contribution (NDC) scheme is an example of such change, ...

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Sensitivity Analysis of Accumulated Savings in Defined Contribution Pension System

Sensitivity Analysis of Accumulated Savings in Defined Contribution Pension System

... Due to the numerous simplifications of the standard model and its use of just a few parameters, it is useful to analyze in detail the characteristics of a defined contribution system. The chosen parameters ...

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Asset allocations in a Thai defined contribution fund : a behavioural experiment conditioned by financial expertise

Asset allocations in a Thai defined contribution fund : a behavioural experiment conditioned by financial expertise

... This paper reports the results of a behavioural experiment on the ability of Thai individuals to make informed investment decisions under a defined contribution self-management option. Using an asset ...

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Optimal Investment Strategy for Defined Contribution Pension Scheme under the  Heston Volatility Model

Optimal Investment Strategy for Defined Contribution Pension Scheme under the Heston Volatility Model

... a defined contribution (DC) pension scheme was modeled with the assumption that the fund is invested partly in riskless assets and partly in risky ...the contribution is a constant proportion of the ...

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Investment Strategies, Fund Size and Financial Performance of Defined Contribution Schemes in Kenya: Theoretical Review

Investment Strategies, Fund Size and Financial Performance of Defined Contribution Schemes in Kenya: Theoretical Review

... a defined contribution (DC) pension plan and the average plan member age if trustees design the default fund in line with predictions from the life-cycle portfolio choice ...

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Optimal Asset Allocation Strategy for Defined Contribution Pension Plans with Different Power Utility Functions

Optimal Asset Allocation Strategy for Defined Contribution Pension Plans with Different Power Utility Functions

... The relationship between the optimal asset allocation and the functional form of power utility is investigated for defined-contribution (DC) pension plans. The horizon dependence of optimal pension ...

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Target driven investing: Optimal investment strategies in defined contribution pension plans under loss aversion

Target driven investing: Optimal investment strategies in defined contribution pension plans under loss aversion

... We have applied some of the most powerful lessons of behavioural finance to solve the optimal investment strategy in a defined contribution pension plan. The key lesson is that loss aversion with respect to ...

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The Role of Inflation-indexed Bond in Optimal Management of Defined Contribution Pension Plan During the Decumulation Phrase

The Role of Inflation-indexed Bond in Optimal Management of Defined Contribution Pension Plan During the Decumulation Phrase

... Abstract: In this paper we investigate the optimal investment strategy for a defined contribution (DC) pension plan during the decumulation phrase which is risk-averse and pays close attention to inflation ...

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Blending public and private real estate allocations for defined contribution pension funds: A U.K. Case study

Blending public and private real estate allocations for defined contribution pension funds: A U.K. Case study

... UK Defined Contribution Pension Fund market where there is a daily liquidity requirement for investment funds and products targeting this segment of the pension funds ...

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Target-driven investing: Optimal investment strategies in defined contribution pension plans under loss aversion

Target-driven investing: Optimal investment strategies in defined contribution pension plans under loss aversion

... We have applied some of the most powerful lessons of behavioural finance to solve the optimal investment strategy in a defined contribution pension plan. The key lesson is that loss aversion with respect to ...

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A dynamic life cycle analysis for a Defined Contribution pension plan

A dynamic life cycle analysis for a Defined Contribution pension plan

... a Defined Benefit pension plan is mostly used but is losing ground to a Defined Contribution pension ...the Defined Contribution pension ...

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