Protective returns and allocation of excess returns

This project will address the following topical questions:

• What are the arguments for a particular structure of the investment policy in the accrual and distribution phase of a Wvp contract? To what extent would one like to hedge interest rate risk or inflation risk for young people? How can a more realistic orientation of the contract have an effect on the design of a WVP contract by insurers?
• What are the arguments for a particular choice of protective returns and allocation of excess returns in the NPC (new pension contract)?
• What is the potential added value of sharing inflation returns through real protection returns in the new pension contract? What is the role of a real projection return in this?
• How does the choice of protection yields affect the projection yields? Is coupling obvious?

Read the paper here.