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

Longer working lives require more flexible pension support
This year, 6 April marked the date from which the state pension age started to rise to 67. Over the next two years the age will steadily rise to reach
Without a design shift Life Insurance risks irrelevance
Life insurance was always designed around one moment: death, and for much of its history, that made perfect sense. Families were often built around a
Car insurance rollercoaster: Is 2025 simply momentary relief
While 2025 was a welcome period of relative stability for UK motor insurance, the latest cycle is faster and more extreme – better cycle management is

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.