Articles - Heterogeneous membership in decumulation only CDC plans


Decumulation-only CDC plans provide a retirement income to their members. They do this primarily by pooling longevity risk among the members. Previous results in this research programme established that decumulation-only CDC plans should be open to new members, to ensure sufficient longevity risk pooling. When new members are the same as each other, then the results suggest that only about 100 of them need to join each year to get the majority of the longevity risk pooling benefits. However, it is much more realistic to assume that members join with different amounts of money. In that case, how many of them are needed to get enough longevity risk pooling? The research results by Professor Catherine Donnelly.

 

Back to Index


Similar News to this Story

Bigger and better pension schemes through incremental change
While dashboards may encourage individuals to consolidate their pension pots, consolidation of pension schemes and default funds are high on the Gover
How board level AI governance is changing
Technology and AI governance remains a top concern for corporate directors and executives in 2025 relative to safeguarding data, managing new technolo
The impact of the US trade war
A dramatic shift in US trade policy has sparked renewed uncertainty for investors. This note explores the scale of the new tariffs, market reaction, a

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.