Risk Sharing - Constructing sustainable pensions

Technical papers

The defined benefit (DB) pension system in Northern Europe is in a serious state of flux. The pension funds are maturing and their balance sheet sizes often equal, if not dwarf, the capitalisation of the sponsor. This, in combination with changing accounting rules, has started a trend, especially in the UK, towards individual pension schemes. To a certain extent this is an undesirable development since it is generally agreed that individuals lack the knowledge to implement life-cycle related

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: