Abstract
This paper reviews the investment policy of collective pension plans. We focus on funds with a collective Defined Contribution character. We suggest two reasons to invest in equities: the lack of a well-developed market in index-linked bonds, and deliberate deviations from the Defined Benefit nature of the plan. Furthermore, this paper assesses the value of limited or conditional indexation options found in many plans.
Original language | English |
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Pages (from-to) | 1-13 |
Journal | Insurance Mathematics & Economics |
Volume | 42 |
Issue number | 1 |
Publication status | Published - 2008 |