defined-Contribution pension schemes
Returning to the Core - Rediscovering a Role for Real Estate in Defined Contribution Pension Schemes
... in defined benefit (DB) pension funds, along with equities and ...DC pension funds, this switch in classification has had a strongly negative impact on the real estate sector and, it might be argued, ...
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Optimal investment strategies and risk measures in defined contribution pension schemes
... Permanent repository link: http://openaccess.city.ac.uk/11898/ Link to published version: http://dx.doi.org/10.1016/S0167-66870200128-2 Copyright and reuse: City Research Online aims to [r] ...
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Optimal investment strategies and risk measures in defined contribution pension schemes
... The cost defined by (3.1) and (3.2) is positive when the fund is below the target and above a certain level, which is equal to the target plus α, and negative between the target and this level. Intuitively, this ...
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The Sustainable Rate of Return of Defined Contribution Pension Schemes
... DC pension scheme that, when started, saves in a fund a share k (with 0 ≤ ≤ k 1 ) of the contributions paid by the first generation of active workers and ‘donates’ the remaining share ( 1 -‐ k ) to first ...
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New Considerations about the Switch Criterion for Defined Contribution Pension SchemeEmanuela Pasqualitto
... for defined contribution pension schemes" in order to verify if considering more realistic aspects of the market conditions in which to operate, the model itself might allow the ...
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Income drawdown schemes for a defined-contribution pension plan
... We have studied two benchmark funds: a risk-free investment and the price of an annuity. For the second benchmark fund, the fair-value drawdown scheme fixes income so that the expected fund size allows the purchase of ...
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Determinants of Scheme Design in Occupational Defined Contribution Schemes in Kenya
... Occupational pension plans registered significant growth after independence in ...of pension may be offset by improvement in overall efficiency, by retiring the inefficient by ...of pension also ...
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The Crowding-out Effect of Mandatory Labour Market Pension Schemes on Private Savings. Evidence from renters in Denmark. CEPS Working Document No. 389, February 2014
... of pension savings in Denmark comes from mandatory pension contributions agreed collectively between labour market unions and employer ...mandatory pension contributions have been increased on ...
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Sensitivity Analysis of Accumulated Savings in Defined Contribution Pension System
... Collective schemes of investments in a form of pension funds are usually employed in pension insurance systems based on individual capitalized ...the pension insurance company re- sponsible ...
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Good Practice Principles in Modelling Defined Contribution Pension Plans
... a pension fund might not be a best practice tool for engagement and the provision of retirement financial outcome ...DC schemes on a broader level and so might choose to adopt the above principles but ...
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Pension insecurity in Ireland
... of pension provision in Ireland has been recently discussed at this Society (Hills 2007; Whelan 2007c) and, indeed, discussed at two earlier symposia of the Society – Symposium on Pensions: Implications for Public ...
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Employer Related Determinants of Scheme Design in Occupational Defined Contribution Schemes in Kenya
... benefits schemes to be established in Kenya were insured plans providing guarantees to members on the level of benefits (Angima, ...to Defined Benefit (DB) schemes which guaranteed a pension ...
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Trustee Related Determinants of Scheme Design in Occupational Defined Contribution Schemes in Kenya
... the pension fund’s value as the retirement date approaches (Samuelson, 1989, 1991 and Blake ...target pension, charges by service providers and annuity rates at retirement were largely disregarded in the ...
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Investment Strategies, Fund Size and Financial Performance of Defined Contribution Schemes in Kenya: Theoretical Review
... of pension schemes in Kenya has been indicated to be poor (Were, Amuhayalravo, and Wanjala, ...these schemes do not have a set promise of returns to members (Njuguna, ...DCs pension scheme ...
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The Management of Decumulation Risks in a Defined Contribution Pension Plan
... In DC plans, the financial risk is borne by the member: contributions are fixed in advance and the benefits provided by the scheme depend on the investment performance experienced during the active membership and on the ...
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Essays in economics
... The data collected include information on all ocoipatioual pensions both defined benefit and defined contribution, it focuses on the allocation of pension funds’ assets and investments, [r] ...
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Variational Form of Classical Portfolio Strategy and Expected Wealth for a Defined Contributory
... Figure 1. The present value of PPM’s future contributions. The expected today value of PPM’s contributions is ob- tained as 49,890 Naira. From the Figure 1, observed that the expected future contribution is highly ...
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Economic and Financial Establishment Must Be Primary Analysis for Public Policy like Aral Pension Yojana
... In the past and even today it has been observed that, public policy in the area of social security has always been perceived as welfare agenda, no due consideration been given to its financial and economic viability for ...
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Turning pension plans into pension planes: What investment strategy designers of defined contribution pension plans can learn from commercial aircraft designers
... UK pension fund managers performed in comparison with other participants in the market over the period ...managing defined benefit plans rather than defined contribution ...by defined ...
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Optimal Investment Strategy for Defined Contribution Pension Scheme under the Heston Volatility Model
... This paper considered the optimal investment problem for a pension plan par- ticipants in a defined contribution (DC) plan. It was assumed that the interest rate and salary are constant over time and ...
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