scholarly journals Target-Driven Investing: Optimal Investment Strategies in Defined Contribution Pension Plans Under Loss Aversion

2012 ◽  
Author(s):  
David P. Blake ◽  
Douglas Wright ◽  
Yumeng Zhang
Keyword(s):  
Loss Aversion ◽  
Optimal Investment ◽  
Pension Plans ◽  
Investment Strategies ◽  
Defined Contribution

scholarly journals Target-driven investing: Optimal investment strategies in defined contribution pension plans under loss aversion

2013 ◽  
Vol 37 (1) ◽  
pp. 195-209 ◽  
Author(s):  
David Blake ◽  
Douglas Wright ◽  
Yumeng Zhang
Keyword(s):  
Loss Aversion ◽  
Optimal Investment ◽  
Pension Plans ◽  
Investment Strategies ◽  
Defined Contribution

Optimal Investment Strategies in Defined Contribution Pension Plans

2011 ◽  
pp. 234-279
Author(s):  
David Blake ◽  
Andrew Cairns ◽  
Kevin Dowd
Keyword(s):  
Optimal Investment ◽  
Pension Plans ◽  
Investment Strategies ◽  
Defined Contribution

scholarly journals Optimal investment strategies and risk measures in defined contribution pension schemes

2002 ◽  
Vol 31 (1) ◽  
pp. 35-69 ◽  
Author(s):  
Steven Haberman ◽  
Elena Vigna
Keyword(s):  
Risk Measures ◽  
Optimal Investment ◽  
Investment Strategies ◽  
Defined Contribution ◽  
Pension Schemes

scholarly journals An analysis of the Dutch-style pension plans proposed by UK policy-makers

2021 ◽  
pp. 1-21
Author(s):  
IQBAL OWADALLY ◽  
RAHIL RAM ◽  
LUCA REGIS
Keyword(s):  
Risk Sharing ◽  
Pension Plans ◽  
Retirement Savings ◽  
Investment Strategies ◽  
Defined Contribution ◽  
Replacement Rate ◽  
Policy Makers ◽  
Pension Schemes ◽  
Simulation Based ◽  
The Uk

Abstract Collective Defined Contribution (CDC) pension schemes are a variant of collective pension plans that are present in many countries and especially common in the Netherlands. CDC schemes are based on the pooled management of the retirement savings of all members, thereby incorporating inter-generational risk-sharing features. Employers are not subject to investment and longevity risks as these are transferred to plan members collectively. In this paper, we discuss policy related to the proposed introduction of CDC schemes to the UK. By means of a simulation-based study, we compare the performance of CDC schemes vis-à-vis typical Defined Contribution schemes under different investment strategies. We find that CDC schemes may provide retirees with a higher income replacement rate on average, together with less uncertainty.

Optimal investment and benefit payment strategy under loss aversion for target benefit pension plans

2019 ◽  
Vol 346 ◽  
pp. 205-218 ◽  
Author(s):  
Suxin Wang ◽  
Ximin Rong ◽  
Hui Zhao
Keyword(s):  
Loss Aversion ◽  
Optimal Investment ◽  
Pension Plans ◽  
Payment Strategy
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