A mathematical model for managing equity-linked pensions.
Abstract (Summary)
Pension fund companies manage and invest large amounts of money on behalf of their members. In return for their contributions, members expect a benefit at termination of their contract. Due to the volatile nature of returns that pension funds attain, pension companies started attaching a minimum guaranteed amount to member’
Bibliographical Information:
Advisor:
School:University of the Western Cape/Universiteit van Wes-Kaapland
School Location:South Africa
Source Type:Master's Thesis
Keywords:pension fund defined benefit contribution minimum guarantee maximum return on investment sharing rule in funds call option put lagrangian
ISBN:
Date of Publication:01/01/2007