Impact of
Regulations
on the ALM of
European
Pension Funds
EDHEC Risk and Asset Management
This study analyses the impact of prudential and accounting constraints on the asset-liability management (ALM) of European pension funds in the Netherlands, the United Kingdom, Germany and Switzerland.
In a context in which accounting standards and prudential regulations are tightening, requiring greater attention to the volatility of the surplus and less tolerance of underfunding, EDHEC’s report calls for an improvement in ALM strategies and the use of state-of-the-art models—such as dynamic liability-driven investing—for the design of these strategies.
To read the study in full, please click here
In a context in which accounting standards and prudential regulations are tightening, requiring greater attention to the volatility of the surplus and less tolerance of underfunding, EDHEC’s report calls for an improvement in ALM strategies and the use of state-of-the-art models—such as dynamic liability-driven investing—for the design of these strategies.
To read the study in full, please click here
