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Defined Benefit Pension Schemes in the United Kingdom – Asset and Liability Management | Oxford Scholarship Online
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Defined Benefit Pension Schemes in the United Kingdom: Asset and Liability Management

Philippe-N. Marcaillou

Abstract

The goal of asset–liability management (ALM) of a defined benefit pension scheme (DB) is to properly manage the risks related to variations occurring in its building blocks on both side of the balance sheet whilst keeping the same expected return. This book provides a step-by-step methodology to maximize the complete restructuring and monitoring of the ALM of DB schemes. A product of twenty-five years’ experience and technical knowledge of ALM of pension funds, portfolio management, investment banking, and more than 700 meetings with investment experts in the pension industry. With 400 charts ... More

Keywords: asset and liability management (ALM), defined benefit pension schemes, financial instruments, funding ratio, governance, investment portfolio, liability driven investment (LDI), risk, risk and performance report

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780198738794
Published to Oxford Scholarship Online: May 2016 DOI:10.1093/acprof:oso/9780198738794.001.0001

Authors

Affiliations are at time of print publication.

Philippe-N. Marcaillou, author
Managing Director, BRED-BPCE, Group Investment and Debt Structuring Solutions