He, Lin; Liang, Zongxia - In: Insurance: Mathematics and Economics 52 (2013) 2, pp. 404-410
In this paper, we study the optimal dynamic asset allocation strategy for the ELA scheme of DC pension plan during the distribution phase. In an ELA scheme of DC pension plan, the assets are invested in equities and bonds, and are distributed to the plan participants by an actuarial method. The...
