{"product_id":"pension-fund-risk-management-hardback","title":"Pension Fund Risk Management - Hardback","description":"\u003cp\u003eAs pension fund systems decrease and dependency ratios increase, risk management is becoming more complex in public and private pension plans. \u003cstrong\u003ePension Fund Risk Management: Financial and Actuarial Modeling\u003c\/strong\u003e sheds new light on the current state of pension fund risk management and provides new technical tools for addressing pension risk from an integrated point of view.\u003c\/p\u003e\u003cp\u003eDivided into four parts, the book first presents the correct measurement of risk in pension funds, fund dynamics under a performance-oriented arrangement, an attribution model for monitoring the performance and risk of a defined benefit (DB) pension fund, and an optimal investment problem of a defined contribution (DC) pension fund under inflationary risk. It also describes a pension plan from a dynamic optimization viewpoint, the optimal asset allocation of U.S. pension funds, the identification of stakeholders’ risks, value-at-risk (VaR) methodology, and various effects on the asset allocation of DB pension schemes.\u003c\/p\u003e\u003cp\u003eThe second section focuses on the effects of uncertainty on employer-provided DB private pension plan liabilities; wage-based lump sum payments by death, retirement, or dismissal by the employer; fundamental retirement changes; occupational pension insurance in Germany; and longevity risk securitization in pension schemes.\u003c\/p\u003e\u003cp\u003eIn the third part, the book examines employers’ risks, accountability rules and regulations, useful actuarial analysis instruments, risk-based solvency regime in the Netherlands, and the impact of the 2008 global financial crisis on pension participants.\u003c\/p\u003e\u003cp\u003eThe final part covers DB pension freezes and terminations of plans, the two-pillar social security system of Italy, the Greek social security system, the effect of a company’s unfunded pension liabilities on its stock market valuation, and the returns of Spanish balanced pension plans and portfolio performance.\u003c\/p\u003e\u003cp\u003eWith contributions from well-known, international academics and professionals, this book will assist pension fund executives, risk managers, consultants, and academic researchers in attaining a clear picture of the integration of risks in the pension world. It offers a comprehensive, contemporary account of how to handle the risks involved with pension funds.\u003c\/p\u003e","brand":"Taylor \u0026 Francis","offers":[{"title":"Default Title","offer_id":45565397860590,"sku":"9781439817520","price":311.2,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/files\/9781439817520.jpg?v=1720678570","url":"https:\/\/bookland.com.au\/products\/pension-fund-risk-management-hardback","provider":"Book Land AU","version":"1.0","type":"link"}