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The economics of aging
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ISBN: 9780534007720 0534007724 Year: 1980 Publisher: Belmont, Calif.: Wadsworth,

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Providing adequate retirement income : pension reform in the United States and abroad
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Year: 1974 Publisher: Hanover: University Press of New England,

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Financial decision making and retirement security in an aging world
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ISBN: 0198808038 9780198808039 Year: 2017 Publisher: Oxford: Oxford university press,

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As the world's population lives longer, it will become increasingly important for plan sponsors, retirement advisors, regulators, and financial firms to focus closely on how older persons fare in the face of rising difficulties with cognition and financial management. This book offers state-of-the-art research and recommendations on how to evaluate when older persons need financial advice, help them make better financial decisions, and to identify policy options for handling these individual and social challenges efficiently and fairly. This latest volume in the Pension Research Council series draws lessons from theory and practice, and will be of interest to employees and retirees, consumers and researchers, and financial institutions working to design better retirement plan offerings.


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Advances in retirement investing
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ISBN: 1108917372 1108926622 9781108926621 9781108917377 1108912141 Year: 2020 Publisher: Cambridge Cambridge University Press

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To supplement replacement income provided by Social Security and employer­sponsored pension plans, individuals need to rely on their own saving and investment choices during accumulation. Once retired, they must also decide at which rate to spend their savings, with the usual dilemma between present and future consumption in mind. This Element explains how financial engineering and risk management techniques can help them in these complex decisions. First, it introduces 'retirement bonds', or retirement bond replicating portfolios, that provide stable and predictable replacement income during the decumulation period. Second, it describes investment strategies that combine the retirement bond with an efficient performance­seeking portfolio so as to reduce uncertainty over the future amount of income while offering upside potential. Finally, strategies using risk insurance techniques are proposed to secure minimum levels of replacement income while giving the possibility of reaching higher levels of income.

Aging and income: programs and prospects for the elderly
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ISBN: 0877053693 9780877053699 Year: 1978 Volume: 4 Publisher: London Human Sciences Press

The Oxford handbook of pensions and retirement income.
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ISBN: 0199272468 9780199272464 Year: 2006 Publisher: Oxford Oxford university press


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Mortality Assumptions and Longevity Risk : Implications for pension funds and annuity providers
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ISBN: 926422274X 9789264222748 Year: 2014 Publisher: Paris : OECD Publishing,

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Pension funds and annuity providers need to effectively manage the longevity risk they are exposed to. Individuals receiving a lifetime income may live longer than expected or accounted for in the actuarial calculations to provision for these liabilities. Mismanaged longevity risk can deteriorate finances, cause bankruptcy and expose individuals to the risk of losing their retirement income. To safeguard against this risk, pension funds and annuity providers must provision for future improvements in mortality and life expectancy. The regulatory framework can support the effective management of longevity risk. This publication assesses how pension funds, annuity providers such as life insurance companies, and the regulatory framework account for future improvements in mortality and life expectancy. The study then examines the mortality tables commonly used by pension funds and annuity providers against several well-known mortality projection models with the purpose of assessing the potential shortfall in provisions. The final part of the publication identifies best practices and discusses the management of longevity risk, putting forward a set of policy options to encourage and facilitate the management of longevity risk.  


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Pensions : law, policy and practice
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ISBN: 9781509922710 1509922717 9781509922727 1509922725 1509922709 9781509922703 9781509922703 Year: 2020 Publisher: Oxford ; New York : Hart,

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"State pensions are the largest item in the UK social security budget, costing £96.7 billion in 2017/18. In the same year, 45.6 million people were members of UK occupational pension schemes (out of a total population of 66.4 million) and the total amount saved into workplace schemes in 2018 was £90.4 billion. A consequence of the pensions sector's large size has been that pensions law and social security law have become increasingly specialised areas of practice. Yet despite their social and economic importance and the fascinating legal issues they generate, pensions have not been the subject of sustained academic attention. This book starts to fill this gap by initiating a dialogue between practitioners and scholars working on pensions law and policy, groups who have much to learn from one another"--

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