Pension finance: putting the risks and costs of defined benefit plans back under your control
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Hoboken, NJ
Wiley
2011
|
| Schriftenreihe: | Wiley finance series
708 |
| Schlagworte: | |
| Online-Zugang: | FRO01 UBG01 Volltext |
| Beschreibung: | Includes bibliographical references and index "Defined benefit pension plans are in a severe crisis. With nearly a $4 trillion deficit in the U.S. alone, Canada, the UK, Japan, and Holland also suffer from unfunded liabilities. In short, the pension crisis is nearly global in proportion, and there is little likelihood that plan sponsors will be able to come up with the funds to repair the damage. One of the major problems behind the crisis is the approach: pension plans use actuarial science as the basis of assumptions but are subject to the laws of economic finance in terms of their returns. In short, there is a gap between the world presumed by actuaries who determine funding levels and the world as it come to be as determined by market performance and investment outcomes. Waring tackles this thorny issue head on. Well versed in both economic and actuarial science, he walks professionals through the differences and shows why plan sponsors need to focus on the economic account perspective to meaningfully measure present values. Complete coverage of credit risk and the discount rate to determine liability values is examined, contribution levels are then presented based on this revised approach to actuarial accounting. Pension plan sponsors and their employee representatives must face the economics - and adjust their accounting and actuarial view - to gain a true perspective on achieving sustainable benefit levels. Waring is one of the first investment professionals to tackle this controversial topic head on to present realistic solutions to potentially catastrophic problems looming in the very near term"-- |
| Beschreibung: | 1 Online-Ressource (xxxiv, 288 pages) |
| ISBN: | 1118138368 9781118138366 9781118138335 1118138333 9781118138342 1118138341 1118106369 9781118106365 1118106377 9781118106372 9781119204725 1119204720 |
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| 245 | 1 | 0 | |a Pension finance |b putting the risks and costs of defined benefit plans back under your control |c M. Barton Waring |
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| 630 | 0 | 4 | |a Pensions management |
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Datensatz im Suchindex
| _version_ | 1804175971941613568 |
|---|---|
| any_adam_object | |
| author | Waring, M. Barton |
| author_facet | Waring, M. Barton |
| author_role | aut |
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| author_variant | m b w mb mbw |
| building | Verbundindex |
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| dewey-full | 331.25/24 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 331 - Labor economics |
| dewey-raw | 331.25/24 |
| dewey-search | 331.25/24 |
| dewey-sort | 3331.25 224 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV043393894 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:24:46Z |
| institution | BVB |
| isbn | 1118138368 9781118138366 9781118138335 1118138333 9781118138342 1118138341 1118106369 9781118106365 1118106377 9781118106372 9781119204725 1119204720 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028812478 |
| oclc_num | 769187485 |
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| owner_facet | DE-861 |
| physical | 1 Online-Ressource (xxxiv, 288 pages) |
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| publisher | Wiley |
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| spelling | Waring, M. Barton Verfasser aut Pension finance putting the risks and costs of defined benefit plans back under your control M. Barton Waring Hoboken, NJ Wiley 2011 1 Online-Ressource (xxxiv, 288 pages) txt rdacontent c rdamedia cr rdacarrier Wiley finance series 708 Includes bibliographical references and index "Defined benefit pension plans are in a severe crisis. With nearly a $4 trillion deficit in the U.S. alone, Canada, the UK, Japan, and Holland also suffer from unfunded liabilities. In short, the pension crisis is nearly global in proportion, and there is little likelihood that plan sponsors will be able to come up with the funds to repair the damage. One of the major problems behind the crisis is the approach: pension plans use actuarial science as the basis of assumptions but are subject to the laws of economic finance in terms of their returns. In short, there is a gap between the world presumed by actuaries who determine funding levels and the world as it come to be as determined by market performance and investment outcomes. Waring tackles this thorny issue head on. Well versed in both economic and actuarial science, he walks professionals through the differences and shows why plan sponsors need to focus on the economic account perspective to meaningfully measure present values. Complete coverage of credit risk and the discount rate to determine liability values is examined, contribution levels are then presented based on this revised approach to actuarial accounting. Pension plan sponsors and their employee representatives must face the economics - and adjust their accounting and actuarial view - to gain a true perspective on achieving sustainable benefit levels. Waring is one of the first investment professionals to tackle this controversial topic head on to present realistic solutions to potentially catastrophic problems looming in the very near term"-- Pensions management Pensions management (Title) fast BUSINESS & ECONOMICS / Personal Finance / Retirement Planning bisacsh Pension trusts / Management fast Pensions / Finance fast Wirtschaft Pensions / Finance Pension trusts / Management Electronic books https://onlinelibrary.wiley.com/doi/book/10.1002/9781119204725 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Waring, M. Barton Pension finance putting the risks and costs of defined benefit plans back under your control Pensions management Pensions management (Title) fast BUSINESS & ECONOMICS / Personal Finance / Retirement Planning bisacsh Pension trusts / Management fast Pensions / Finance fast Wirtschaft Pensions / Finance Pension trusts / Management |
| title | Pension finance putting the risks and costs of defined benefit plans back under your control |
| title_auth | Pension finance putting the risks and costs of defined benefit plans back under your control |
| title_exact_search | Pension finance putting the risks and costs of defined benefit plans back under your control |
| title_full | Pension finance putting the risks and costs of defined benefit plans back under your control M. Barton Waring |
| title_fullStr | Pension finance putting the risks and costs of defined benefit plans back under your control M. Barton Waring |
| title_full_unstemmed | Pension finance putting the risks and costs of defined benefit plans back under your control M. Barton Waring |
| title_short | Pension finance |
| title_sort | pension finance putting the risks and costs of defined benefit plans back under your control |
| title_sub | putting the risks and costs of defined benefit plans back under your control |
| topic | Pensions management Pensions management (Title) fast BUSINESS & ECONOMICS / Personal Finance / Retirement Planning bisacsh Pension trusts / Management fast Pensions / Finance fast Wirtschaft Pensions / Finance Pension trusts / Management |
| topic_facet | Pensions management Pensions management (Title) BUSINESS & ECONOMICS / Personal Finance / Retirement Planning Pension trusts / Management Pensions / Finance Wirtschaft |
| url | https://onlinelibrary.wiley.com/doi/book/10.1002/9781119204725 |
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