This paper reviews the investment policy of collective pension plans. We focus on funds with a collective Defined Contribution character. We suggest two reasons to invest in equities: the lack of a well-developed market in index-linked bonds, and deliberate deviations from the Defined Benefit nature of the plan. Furthermore, this paper assesses the value of limited or conditional indexation options found in many plans.
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Volume (Year): 42 (2008) Issue (Month): 1 (February) Pages: 1-13 Download reference. The following formats are available: HTML
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