Titlebook: Asset and Liability Management Handbook; Gautam Mitra (Chairman and Managing Director of Op Book 2011 Palgrave Macmillan, a division of Ma

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E. Brinksma,A. Rensink,W. Voglerg mortality rates and increasing life expectancies, are causing an aging population, in which the proportion of elderly people to the total popu-lation is increasing (Long, 2008). In 2000, less than one in ten people were over 60 years old, but estimates indicate that by year 2050 one in every five

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Reinhard Gotzhein,Jan Brederekeever-ity of returns falling short of these goals. Assessing the right trade-off between return and risk therefore requires the following:.With these in place, an investor will then seek to carry out a form of optimization — finding a strategy which gives as good a trade-off as possible between the a

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Formal Description Techniques IXies for their defined contribution pension plans. This gives very little incentive to plan providers to improve the design of their pension plans. As a consequence, pension plans and their investment strategies are still currently in a very primitive stage of development. In particular, there is ver

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A. Petrenko,N. Yevtushenko,G. v. Bochmannnan-cial decisions in pension schemes investment: matching and outperforming liabilities. LDI has become extremely popular as the decision tool of choice for pension funds. The last decade experienced a fall in the equity markets, while bond yields reached low levels. The UK Accounting standard FRS1

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