This talk will introduce a new pension contract that protects customers from adverse asset price movements, while keeping the potential of positive returns. It has a transparent structure and clear distribution rule, which can be easily understood by the customer. By comparing with other pensions contracts under a behavioural model (the Cumulative Prospect Theory), we show that this new contract can be the optimal choice for customers.
(IFoA Actuarial Research Centre PHD student)
IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
Nearest Public Transport
To register please email Richard.Scott@actuaries.org.uk