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Improving pension savings investing : the case of Russia

Abramov, A. E.; Černova, Marija - In: Russian journal of economics 10 (2024) 1, pp. 34-59

Many countries seek to improve their pension systems by introducing corporate and individual savings plans to address … the challenges of demography, social security, and economy. However, the establishing of a long-term, reliable savings … savings pillar, which 20 years later the Ministry of Finance substituted by voluntary savings. As this period appeared shorter …

Persistent link: https://www.econbiz.de/10015394388

A managed volatility investment strategy for pooled annuity products

Li, Shuanglan; Labit Hardy, Héloïse; Sherris, Michael; … - In: Risks : open access journal 10 (2022) 6, pp. 1-30

Pooled annuity products, where the participants share systematic and idiosyncratic mortality risks as well as investment returns and risk, provide an attractive and effective alternative to traditional guaranteed life annuity products. While longevity risk sharing in pooled annuities has...

Persistent link: https://www.econbiz.de/10013363078

Improving on defaults : helping pension participants manage financial market risk in target date funds

Turner, John A.; Klein, Bruce W. - In: Risks : open access journal 9 (2021) 4, pp. 1-14

The central issue of this paper is analysis and resulting proposals to help unsophisticated pension participants achieve pension portfolios that match their level of risk aversion when there is a large amount of unexplained heterogeneity in risk aversion. Target date funds are commonly used as...

Persistent link: https://www.econbiz.de/10012508770

Swiss pension funds : funding ratio, discount rate, and asset allocation

Schäublin, Jorma J. - In: Swiss journal of economics and statistics 158 (2022) 1, pp. 1-23

The funding ratio is a financial indicator to measure the viability of pension funds. The paper analyzes how Swiss occupational pension funds' technical discount rate and asset allocation are related to the funding ratio. The paper shows that funds with weaker funding ratios apply higher rates...

Persistent link: https://www.econbiz.de/10013269807

Modeling the volatility of returns on investment units of voluntary pension funds in Serbia

Radojković, Ivan D.; Radović, Ognjen V.; Stevanović, … - In: Ekonomske teme 62 (2024) 4, pp. 541-560

The purpose of this paper is to model and analyze the volatility of returns on investment units in voluntary pension funds in Serbia, focusing on five funds: Dunav, Generali Basic, Generali Index, DDOR Garant Ekvilibrio, and Raiffeisen Future. Given the growing significance of voluntary pension...

Persistent link: https://www.econbiz.de/10015433377

Comparative standing of Kazakhstan pension system performance : learning policy lessons from Canadian experience

Tolymbek, Almaz - In: Technology audit and production reserves 6 (2022) 4/68, pp. 34-42

Persistent link: https://www.econbiz.de/10013530816

A guaranteed-return structured product as an investment risk-hedging instrument in pension savings plans

Afik, Zvika; Hadad, Elroi; Yosef, Rami - In: Risks : open access journal 11 (2023) 6, pp. 1-16

scenarios. The results show that the SP guarantees a minimal return on the pension savings portfolio and offers a higher …

Persistent link: https://www.econbiz.de/10014334531

Pension fund management, investment performance, and herding in the context of regulatory changes : new evidence from the Polish pension system

Dopierała, Łukasz; Mosionek-Schweda, Magdalena - In: Risks : open access journal 9 (2021) 1/6, pp. 1-19

The aim of this paper is to assess the impact of reforms introduced in the operation of Polish open pension funds on management style, risk exposure and related investment performance. The article analyzes the impact of the reformed regulations on the herd behavior of fund managers. In...

Persistent link: https://www.econbiz.de/10012422900

Strategic allocation of reserve pension funds : application of ALM model and LDI technique

Aitoutouhen, Latifa; Hamza, Faris - In: Revista de métodos cuantitativos para la economía y … 28 (2019), pp. 381-425

This article will focus on the research for the strategic allocation of reserve fund of the Moroccan pension scheme in order to ensure and improve its solvency. The first aim of this paper is to construct and test an Economic Scenario Generator (ESG) based on a model inspired of the Ahlgrim...

Persistent link: https://www.econbiz.de/10012258834

Factor timing in the Chinese stock market

Wu, Yuxiao - In: International studies of economics 19 (2024) 4, pp. 532-577

I conduct an exploratory study about the feasibility of factor timing in the Chinese stock market, covering 24 representative and well-identified risk factors in 10 categories from the literature. The long-short portfolio of short-term reversal exhibits strong out-of-sample predictability, which...

Persistent link: https://www.econbiz.de/10015194093