The case of Netherlands’ Bouwen & Pensioen : rethinking pension investing
Mestrado Bolonha em Finanças ; This paper analyses the challenges posed by the low-yield environment and aging population on pension funds asset management. A newly-created, fictional collective defined contribution pension fund is presented, Bouwen & Pensioen, being the result of the merger of 6 smaller defined benefit funds. Cash equivalent transfer values for each member are calculated and it is found that the new pension fund faces a deficit funding ratio. A forecasting model for the operations of Bouwen & Pensioen is derived. Tests are conducted on relevant variables using the der... Mehr ...
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Dokumenttyp: | masterThesis |
Erscheinungsdatum: | 2022 |
Verlag/Hrsg.: |
Instituto Superior de Economia e Gestão
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Schlagwörter: | low-yields / aging population / pension funds / solidarity reserve / investment strategy |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-27608956 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10400.5/27618 |
Mestrado Bolonha em Finanças ; This paper analyses the challenges posed by the low-yield environment and aging population on pension funds asset management. A newly-created, fictional collective defined contribution pension fund is presented, Bouwen & Pensioen, being the result of the merger of 6 smaller defined benefit funds. Cash equivalent transfer values for each member are calculated and it is found that the new pension fund faces a deficit funding ratio. A forecasting model for the operations of Bouwen & Pensioen is derived. Tests are conducted on relevant variables using the derived model. A proposal is made to the newly-created pension fund regarding the solidarity reserve mechanism and the investment strategy to follow. The proposals allow Bouwen & Pensioen to attain a 100% funding ratio by the end of the forecasted period, keeping the flow of pension payments equitable and fair across generations. ; info:eu-repo/semantics/publishedVersion