Corpus ID: 58920149

Managing Risk in Pension Plans

  title={Managing Risk in Pension Plans},
  author={J. Cui and B. Oldenkamp and M. Vellekoop},
Following the withdrawal of sponsors, traditional defined benefit (DB) systems for retirement provision are rapidly being replaced by hybrid or defined contribution (DC) systems, in which future retirement income is less certain.1 The long-lasting turmoil in the financial markets since 2008 emphasizes the challenges that pension funds face in developing strategies which focus on “delivering an adequate target pension with a high degree of probability ” (Blake, Cairns, and Dowd 2008; Merton 2010… CONTINUE READING

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