Longevity Risk Management: New Tools for Defined-Benefit Pension Plans

G Coughlan - The Journal of Retirement, 2013 - pm-research.com
Longevity risk has recently emerged as a significant concern for many defined-benefit
pension plans. In recent years, pension actuaries and plan sponsors have been caught out …

The Quantification of Basis Risk in Synthetic Longevity Transactions

C Madsen, M Tans, B Toth, T Ching - Special Issues, 2014 - guides.pm-research.com
The topic of basis risk in synthetic longevity transactions (where the hedge is based on a
population different from the actual policy portfolio) has been a hotly debated topic. To date …