A mathematical model for managing equity-linked pensions.

by Julie, Elmerie

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:


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


Date of Publication:01/01/2007

© 2009 All Rights Reserved.