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Young members of mature funds risk losing benefits
12 April 2010
Risk.net announces an article in the May issue of Life & Pension Risk, in which Cardano's Theo Kocken, CEO, and Joeri Potters, a senior financial engineer at the consultancy, argue "young" schemes (the example in their model has a duration of 27 years) can expect to rebuild their cover ratios if a future shock pushes funding levels down to 80% from 100%. However, according to Kocken, if the same scenario hits a mature scheme (the example in their model has a duration of 12 years) in the payout phase, recovery will be almost impossible.
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