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Defined Benefit Pension Schemes In The Uk
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Book Synopsis Defined Benefit Pension Schemes in the UK by : Philippe-N. Marcaillou
Download or read book Defined Benefit Pension Schemes in the UK written by Philippe-N. Marcaillou and published by Oxford University Press. This book was released on 2016-03-24 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of Asset-Liability Management (ALM) of a Defined Benefit Pension Scheme (DB) is to properly manage the risks related to variation in its building blocks on both sides of the balance sheet whilst maintaining the same expected return. This book provides a step-by-step methodology to maximize the complete restructuring and monitoring of the ALM of DB schemes. It is a product of the author's 25 years of experience and technical knowledge in ALM of Pension Funds, portfolio management, investment banking and, specifically, more than 700 meetings with investment experts in the Pension Industry. It includes 400 figures and tables to help the reader make appropriate decisions and identify hidden tricks. It provides an in-depth understanding of how an Asset-Liability structure works, how to assess the efficiency of an investment strategy, and how to maximize the management of cash. Liabilities and Liability Driven Investment techniques (LDI) are explained through numerous examples. The book shows the reader how to select the right LDI manager, and how to define a liability hedging strategy and monitor its efficiency. It demonstrates how to build efficient investment portfolios and select the appropriate asset classes, as well as how to build and monitor an efficient risks and performances report. In addition, it shows how the most common financial instruments work, their roles, the basics of statistics, and the principles of portfolio construction. Finally, it provides introduction to Buy-in, Buyout, and Longevity risk management.
Book Synopsis Approaching the Endgame by : Mark Baker
Download or read book Approaching the Endgame written by Mark Baker and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Defined Benefit Pension Schemes in the United Kingdom by : Philippe-N. Marcaillou
Download or read book Defined Benefit Pension Schemes in the United Kingdom written by Philippe-N. Marcaillou and published by Oxford University Press. This book was released on 2016 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of Asset-Liability Management (ALM) of a Defined Benefit Pension Scheme (DB) is to properly manage the risks related to variation in its building blocks on both sides of the balance sheet whilst maintaining the same expected return. This book provides a step-by-step methodology to maximize the complete restructuring and monitoring of the ALM of DB schemes. It is a product of the author's 25 years of experience and technical knowledge in ALM of Pension Funds, portfolio management, investment banking and, specifically, more than 700 meetings with investment experts in the Pension Industry. It includes 400 figures and tables to help the reader make appropriate decisions and identify hidden tricks. It provides an in-depth understanding of how an Asset-Liability structure works, how to assess the efficiency of an investment strategy, and how to maximize the management of cash. Liabilities and Liability Driven Investment technics (LDI) are explained through numerous examples. The book shows the reader how to select the right LDI manager, and how to define a liability hedging strategy and monitor its efficiency. It demonstrates how to build efficient investment portfolios and select the appropriate asset classes, as well as how to build and monitor an efficient risks and performances report. In addition, it shows how the most common financial instruments work, their roles, the basics of statistics, and the principles of portfolio construction. Finally, it provides introduction to Buy-in, Buyout, and Longevity risk management.
Book Synopsis A Predictable, Secure Pension for Life by :
Download or read book A Predictable, Secure Pension for Life written by and published by Pension Benefit Guaranty Corporatiom. This book was released on 2000 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Protecting Defined Benefit Pension Schemes by : Great Britain. Department for Work and Pensions
Download or read book Protecting Defined Benefit Pension Schemes written by Great Britain. Department for Work and Pensions and published by . This book was released on 2018 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Structure, Regulation, and Performance of Pension Funds in Nine Industrial Countries by : E. P. Davis
Download or read book The Structure, Regulation, and Performance of Pension Funds in Nine Industrial Countries written by E. P. Davis and published by World Bank Publications. This book was released on 1993 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Company pension funds can make important contributions to retirement income and to capital market development. But they need to be regulated and supervised to avoid fraud; protect the interests of workers, and minimize restrictions on labor mobility.
Book Synopsis The Disruptive Impact of FinTech on Retirement Systems by : Julie Agnew
Download or read book The Disruptive Impact of FinTech on Retirement Systems written by Julie Agnew and published by Oxford University Press. This book was released on 2019-08-29 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many people need help planning for retirement, saving, investing, and decumulating their assets, yet financial advice is often complex, potentially conflicted, and expensive. The advent of computerized financial advice offers huge promise to make accessible a more coherent approach to financial management, one that takes into account not only clients' financial assets but also human capital, home values, and retirement pensions. Robo-advisors, or automated on-line services that use computer algorithms to provide financial advice and manage customers' investment portfolios, have the potential to transform retirement systems and peoples' approach to retirement planning. This volume offers cutting-edge research and recommendations regarding the impact of financial technology, or FinTech, to disrupt retirement planning and retirement system design.
Book Synopsis Private Pensions Series Protecting Pensions Policy Analysis and Examples from OECD Countries by : OECD
Download or read book Private Pensions Series Protecting Pensions Policy Analysis and Examples from OECD Countries written by OECD and published by OECD Publishing. This book was released on 2007-10-23 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension fund members across OECD countries have seen the loss or reduction of pension benefits in recent years. This has been associated with declining assets and increasing liabilities, with accounting and regulation changes crystallising these ...
Book Synopsis Restructuring Retirement Risks by : David Blitzstein
Download or read book Restructuring Retirement Risks written by David Blitzstein and published by Oxford University Press, USA. This book was released on 2006-08-03 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Highlighting retirement security as a major policy concern, this book addresses the question 'What are the risks & rewards in pensions, & what paths can stakeholders chose to solve these problems?'. It deals with employees' needs & expectations, employers' intentions & realizations, & policymakers' efforts to resolve the many challenges.
Book Synopsis HM Treasury: Freedom and Choice in Pensions - Cm. 8835 by : Great Britain: H.M. Treasury
Download or read book HM Treasury: Freedom and Choice in Pensions - Cm. 8835 written by Great Britain: H.M. Treasury and published by The Stationery Office. This book was released on 2014-03-19 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This consultation form a key part of a wider set of reforms announced at Budget 2014. The government is keen to ensure that individuals who want to save are supported in doing so. The nature of retirement is changing as people are living longer and their needs more varied. In this Government's view the State should not be imposing restrictions on individuals who have made tough choices to save for the future. So from next year there will be no restrictions on people's ability to draw down from their defined contribution pension pots after age 55. The tax rules will be drastically simplified to give flexible access to pension savings. Consumers will therefore also need to be well informed to make their choices and the Government will introduce a new duty on pension providers and schemes to deliver a 'guidance guarantee' by April 2015. They will also make available a £20 million development fund to get the initiative up and running
Book Synopsis Pension Protection Fund by : Great Britain: National Audit Office
Download or read book Pension Protection Fund written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2010-02-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pension Protection Fund offers protection to some 12.4 million pensioners in private sector defined benefit (often known as final salary) pension schemes should their employer become insolvent. The Fund currently manages its assets well and has not been exposed to severe losses in the recession. In 2008-09, the Fund's investments increased in value by 13.4 per cent. The Fund's standard investments saw a return of minus 3.4 per cent in 2008-09 (against the market average for the same combination of asset classes of minus 3.6 per cent). But, as the Fund's assets grow, the investment operation will require additional skills and the Fund should consider adapting its investment processes. The Fund's deficit increased during the recession - from £517 million in March 2008 to £1.2 billion in March 2009 - largely because of the combined deficit of the increased number of schemes being assessed on whether they should be transferred to the Fund. However, the value of the Fund's assets far outweighs its annual compensation payments: at the end of March 2009 its assets were £3.2 billion but its current compensation payments amount to £70 million a year. The Fund has developed a suitable model to assess future liabilities and this has proved resilient to a range of stress tests. The model's longer-term projections are sensitive to important assumptions, so the Fund should establish a framework for illustrating the sensitivity of output from its long-term risk model.
Book Synopsis Hybrid Pension Plans by : Kevin Wesbroom
Download or read book Hybrid Pension Plans written by Kevin Wesbroom and published by . This book was released on 2005 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Security and Sustainability in Defined Benefit Pension Schemes by : Great Britain. Department for Work and Pensions
Download or read book Security and Sustainability in Defined Benefit Pension Schemes written by Great Britain. Department for Work and Pensions and published by . This book was released on 2018 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Remaking Retirement by : Olivia Mitchell
Download or read book Remaking Retirement written by Olivia Mitchell and published by Oxford University Press. This book was released on 2020-10-24 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Around the world, people nearing and entering retirement are holding ever-greater levels of debt than in the past. This is not a benign situation, as many pre-retirees and retirees are stressed about their indebtedness. Moreover, this growth in debt among the older population may render retirees vulnerable to financial shocks, medical care bills, and changes in interest rates. Contributors to this volume explore key aspects of the rise in debt across older cohorts, drill down into the types of debt and reasons for debt incurred by the older population, and review policies to remedy some of the financial problems facing older persons, in the US and elsewhere. The authors explore which groups are most affected by debt and identify the factors producing this important increase in leverage at older ages. It is clear that the economic and market environment is influential when it comes to saving and debt. Access to easy borrowing, low interest rates, and the rising cost of education have had significant impacts on how much people borrow, and how much debt they carry at older ages. In this environment, the capacity to manage debt is ever more important as older workers lack the opportunity to recover from mistakes.
Book Synopsis Security and Sustainability in Defined Benefit Pension Schemes by : Great Britain. Department for Work and Pensions
Download or read book Security and Sustainability in Defined Benefit Pension Schemes written by Great Britain. Department for Work and Pensions and published by . This book was released on 2017 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Assessing Chile's Pension System: Challenges and Reform Options by : Samuel Pienknagura
Download or read book Assessing Chile's Pension System: Challenges and Reform Options written by Samuel Pienknagura and published by International Monetary Fund. This book was released on 2021-09-10 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.
Book Synopsis Britain's Pensions Crisis by : Hugh Pemberton
Download or read book Britain's Pensions Crisis written by Hugh Pemberton and published by . This book was released on 2006-10-19 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, leading experts on the past and present of pensions in Britain debate the present crisis, and the lessons of history for those seeking to craft solutions to it that are both effective and enduring. The volume also contains a number of chapters which draw important lessons from the experience of other European and North American countries over the past few decades.
