Asset Liability Management

Rob Bauer, Roy P.M.M. Hoevenaars, Tom Steenkamp

Research output: Chapter in Book / Report / Conference proceedingChapterAcademicpeer-review

Abstract

Market valuation of assets is a topic that has been discussed for quite some time now, but the valuation of pension contracts including all embedded options is a major challenge for pension fund policy makers. On top of that, pension fund beneficiaries are increasingly demanding more transparency with regard to the exact nature of their pension arrangement, or their pension deal. This article sheds some light on the management of the current and future financial health of a defined-benefit public pension fund. Most funds conduct a so-called Asset Liability Management (ALM) study that investigates the impact of decisions with regard to investment, contribution, and indexation policy on the various stakeholders of the fund (employees, employers, and retired and future generations).

Original languageEnglish
Title of host publicationThe Oxford Handbook of Pensions and Retirement Income
PublisherOxford University Press
ISBN (Electronic)9780191577208
ISBN (Print)0199272468, 9780199272464
DOIs
Publication statusPublished - 20 Jul 2006

Fingerprint

Pensions
Pension funds
Asset-liability management
Stakeholders
Market valuation
Management studies
Politicians
Public pensions
Transparency
Assets
Financial health
Embedded options
Defined benefit
Indexation
Employees
Employers

Keywords

  • Asset liability
  • Defined benefit
  • Pension contracts
  • Pension deal
  • Pension fund
  • Policy makers

Cite this

Bauer, R., Hoevenaars, R. P. M. M., & Steenkamp, T. (2006). Asset Liability Management. In The Oxford Handbook of Pensions and Retirement Income Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199272464.003.0021
Bauer, Rob ; Hoevenaars, Roy P.M.M. ; Steenkamp, Tom. / Asset Liability Management. The Oxford Handbook of Pensions and Retirement Income. Oxford University Press, 2006.
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Bauer, R, Hoevenaars, RPMM & Steenkamp, T 2006, Asset Liability Management. in The Oxford Handbook of Pensions and Retirement Income. Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199272464.003.0021

Asset Liability Management. / Bauer, Rob; Hoevenaars, Roy P.M.M.; Steenkamp, Tom.

The Oxford Handbook of Pensions and Retirement Income. Oxford University Press, 2006.

Research output: Chapter in Book / Report / Conference proceedingChapterAcademicpeer-review

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Bauer R, Hoevenaars RPMM, Steenkamp T. Asset Liability Management. In The Oxford Handbook of Pensions and Retirement Income. Oxford University Press. 2006 https://doi.org/10.1093/oxfordhb/9780199272464.003.0021