A buy-in too far

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<dc:creator>Lin, Ren </dc:creator>
<dc:creator>Duffy, Callum </dc:creator>
<dc:description xml:lang="es">Sumario: In 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.</dc:description>
<dc:rights xml:lang="es">In Copyright (InC) - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Planes de pensiones</dc:subject>
<dc:subject xml:lang="es">Longevidad</dc:subject>
<dc:subject xml:lang="es">Flujos de caja</dc:subject>
<dc:subject xml:lang="es">Riesgo crediticio</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">A buy-in too far</dc:title>
<dc:relation xml:lang="es">En: The Actuary : the magazine of the Institute & Faculty of Actuaries. - London :  Redactive Publishing, 2019-. - 01/02/2021 Número 1 - febrero 2021 , p. 34-35</dc:relation>