• Media type: E-Book
  • Title: Good Practice Principles in Modelling Defined Contribution Pension Plans
  • Contributor: Dowd, Kevin [Author]; Blake, David P. [Other]
  • imprint: [S.l.]: SSRN, [2020]
  • Extent: 1 Online-Ressource (25 p)
  • Language: English
  • DOI: 10.2139/ssrn.3612970
  • Identifier:
  • Origination:
  • Footnote: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 2013 erstellt
  • Description: We establish 16 good practice principles in modelling defined contribution pension plans. These principles cover the following issues: model specification and calibration; modelling quantifiable uncertainty; modelling member choices; modelling member characteristics, such as occupation and gender; modelling plan charges; modelling longevity risk; modelling the post-retirement period; integrating the pre- and post-retirement periods; modelling additional sources of income, such as the state pension and equity release; modelling extraneous factors, such as unemployment risk, activity rates, taxes and entitlements; scenario analysis and stress testing; periodic updating of the model and changing assumptions; and overall fitness for purpose
  • Access State: Open Access