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040 | | | $aMAP$bspa$dMAP |
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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 |