Name: Pension Finance | M. Barton Waring
Brand: John Wiley And Sons Ltd
Price: 398.00 RON
Availability: InStock

Descriere & specificații

Praise for 'Pension Finance': ''Pension Finance' is a comprehensive, integrated, and self-contained offering on the structure, management, and oversight of defined benefit pension plans, carefully composed by a prime observer and practitioner in the defined benefit pension world ...an important and most needed contribution to defined benefit pension knowledge. Whether a prime academic researcher, experienced public policymaker, seasoned private-sector practitioner, or novice student of retirement finance, the reader is in for a treat: bon appetit!' (Robert C. Merton, MIT). 'This book is a major advance in the literature of pension finance, breaking much new ground in the market value approach to pension finance. Thorough and hard-hitting, Waring warns that many will consider his blunt views to be 'controversial' or even 'heretical'. But his approach sheds a much-needed bright light on the fundamental nature of pension liability. There are also many valuable suggestions about how to structure an asset portfolio that addresses these now more clearly defined liabilities, given a specific fund's risk tolerance, contingent reserves, back-up resources, and payment schedule'. (Martin Leibowitz, Managing Director, Morgan Stanley). 'The value of 'Pension Finance' is not in propounding any new or novel finance ideas, but in systematically explaining the guts of the actuarial process, and then restating the process in sound terms. After reading this book, those involved in the pension a