Immunization and Hedging of Post Retirement Income Annuity Products

Designing post retirement benefits requires access to appropriate investment instruments to manage the interest rate and longevity risks. Post retirement benefits are increasingly taken as a form of income benefit, either as a pension or an annuity. Pension funds and life insurers offer annuities ge...

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Bibliographic Details
Main Authors: Changyu Liu, Michael Sherris
Format: Article
Language:English
Published: MDPI AG 2017-03-01
Series:Risks
Subjects:
Online Access:http://www.mdpi.com/2227-9091/5/1/19