In an Individually Funded Pension System: How Can Risks Be Mitigated?

Solange Berstein, Olga Fuentes and Nicolás Torrealba
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Nicolás Torrealba: Studies Division, Chilean Pension Supervisor

No 36, Working Papers from Superintendencia de Pensiones

Abstract: This article presents the main risks that have to be faced in an individually funded pension system and describes the regulations that enable these to be mitigated in the case of Chile. One of these main risks refers to the investment of the funds and an analysis is made of the support that a life-cycle investment strategy might provide in this respect. On evaluating these strategies, there is discussion as to which is the most suitable risk measurement for consideration..

Keywords: DC pension schemes; portfolio choice; pension risk; age-based investment strategies; risk sharing; risk based supervisión. (search for similar items in EconPapers)
Date: 2010-02, Revised 2010-02
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Citations: View citations in EconPapers (2)

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https://repec.spensiones.cl/repec/3_doctrabajos/36 ... sks_be_mitigated.pdf Revised version, 2010 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:sdp:sdpwps:36

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