Portfolio Insurance Strategies for Target Annuitisation Funds
25 Pages Posted: 3 Dec 2015
Date Written: December 3, 2015
Abstract
Defined contribution (DC) pension funds: A huge burden of complex decision making on individuals; Lack of integration between accumulation and decumulation phases.
Provide sustainable income flows (Blake et al., 2008; Financial System Inquiry, 2014): Finance a desired consumption path; Target annuitisation fund (Impavido et al., 2012); Pension fund managers have no liability.
Suggested Citation: Suggested Citation
Xu, Mengyi and Sherris, Michael and Shao, Adam Wenqiang, Portfolio Insurance Strategies for Target Annuitisation Funds (December 3, 2015). 7th Australasian Actuarial Education and Research Symposium, Available at SSRN: https://ssrn.com/abstract=2698728 or http://dx.doi.org/10.2139/ssrn.2698728
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.