A buy-in too far
Contenido multimedia no disponible por derechos de autor o por acceso restringido. Contacte con la institución para más información.
Tag | 1 | 2 | Valor |
---|---|---|---|
LDR | 00000cab a2200000 4500 | ||
001 | MAP20210006715 | ||
003 | MAP | ||
005 | 20210225190525.0 | ||
008 | 210225e20210201gbr|||p |0|||b|eng d | ||
040 | $aMAP$bspa$dMAP | ||
084 | $a7 | ||
100 | $0MAPA20210003981$aLin, Ren | ||
245 | 0 | 0 | $aA buy-in too far$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 | |
700 | 1 | $0MAPA20210004018$aDuffy, Callum | |
773 | 0 | $wMAP20200013259$tThe Actuary : the magazine of the Institute & Faculty of Actuaries$dLondon : Redactive Publishing, 2019-$g01/02/2021 Número 1 - febrero 2021 , p. 34-35 |