 Anti-Deficit Management Of Private Defined Benefit SchemesAn Annual Book of University of Economics - Varna, 2010, vol. 82, issue 1, 208-237 Abstract: The defined benefit schemes need urgent anti-deficit measures, with which to guaranteetheir solvency under crisis conditions. Although there are no "painless solutions", they must renovate their risk management and mark the direction of their future development. Until the appropriate reforms are selected, their customers and sponsors will lose confidence in them and will create prerequisites for worsening their financial status. That is why in the current work there isassessed the possibility for DB schemes to use some techniques for anti-deficit management, applied by commercial banks and insurance companies, including the ALM model, LDI strategies,etc. These approaches are considered in the context of the specific investment restrictions and standards. Unfortunately, the DB schemes are highly limited by government regulation and canhardly, by way of the market, solve all their problems on their own. Keywords: Anti-Deficit Management; government regulation; risk management; reforms (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vrn:yrbook:y:2010:i:1:p:208-237 Access Statistics for this article An Annual Book of University of Economics - Varna is currently edited by Prof. Dr Stefan Vachkov More articles in An Annual Book of University of Economics - Varna from University of Economics - Varna Contact information at EDIRC. |
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