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A buy-in too far

Recurso electrónico / Electronic resource
Registro MARC
Tag12Valor
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008  210225e20210201gbr|||p |0|||b|eng d
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100  ‎$0‎MAPA20210003981‎$a‎Lin, Ren
24500‎$a‎A buy-in too far‎$c‎Ren Lin, Callum Duffy
520  ‎$a‎In recent years we have witnessed the rising popularity of bulk annuity buy-ins among UK defined benefit pension schemes that is, where the scheme purchases the bulk annuity as an investment but retains legal responsibility for paying the members' benefits. Buy-ins have many appealing characteristics: they hedge longevity risk; closely match cashflows for pensioners' liabilities; bear very low credit risk; and should be convertible into a buy-out with the same provider (which then takes on the legal responsibility for paying the members' benefits). Given all these benefits, it is not surprising that buy-ins are considered part of the toolkit when a scheme becomes better funded.
650 4‎$0‎MAPA20080592455‎$a‎Planes de pensiones
650 4‎$0‎MAPA20080555016‎$a‎Longevidad
650 4‎$0‎MAPA20080569006‎$a‎Flujos de caja
650 4‎$0‎MAPA20080582401‎$a‎Riesgo crediticio
7001 ‎$0‎MAPA20210004018‎$a‎Duffy, Callum
7730 ‎$w‎MAP20200013259‎$t‎The Actuary : the magazine of the Institute & Faculty of Actuaries‎$d‎London : Redactive Publishing, 2019-‎$g‎01/02/2021 Número 1 - febrero 2021 , p. 34-35