Handbook of Asset and Liability Management, Vol. 2, No. suppl (C) • 2007
Chapter 21 Joined-Up Pensions Policy in the UK: An Asset–Liability Model for Simultaneously Determining the Asset Allocation and Contribution Rate
The trustees of funded defined benefit pension schemes must make two vital and inter-related decisions—setting the asset allocation and the contribution rate. While these decisions are usually taken separately, it is argued that they are intimately related and should be taken jointly. ...