what are some risk management techniques for pension funds?
152480
Risk Management is NOT about getting constant (i.e. low volatiliy) returns.\nRisk Management is NOT about getting risk with complete certainty.\n\nAs Mark Twain said: predicting is difficult, but it is more difficult to predict the future.\n\nRisk Management is about getting rich enough with as much uncertainty as you feel confortable with. \n\nThe first step towards risk management for pension funds is knowing the explicit or implied fund's liabilities:\nis it a defined benefit fund? then it's quite easy to determine the liabilities. \n\nIs it defined contribution? Then still the fund has, on behalf of the benefitial owners, liabilities to deal with, although they are not explicit and thus are more difficult to be sought after.\n\nYou should pursue two different (and at most times contrarian) objectives:\nfirst, maximize the expected surplus of the fund, AFTER the liabilities have been paid.\n\nSecond, minimize the VARIANCE of the difference between the liabilities and the assets plus the future contributions to the plan.\nThat is, you should, on hand \nmaximize e=(X-B)'E\nwhere X is the Asset Portfolio, B is the portfolio representing the future flows for the fund (i.e. contributions and withdrawals), E is a vector of expected returns for each asset or flow;\nand on the other hand\nminimize V=VAR{(X-B)'E}\n[Note: if X and B are deterministic and E is multinormal, then V= (X-B)'S(X-B) where S ithe covariance matrix for E]\n\nIt should be more than obvius that both function are ,generally speaking, not optimal in the same place. Thus, you need a PREFERENCE FUNCTION.\nIt's usual to have U=e-lV where l is the risk-aversion coefficient.\nDepending on how you model your assets and your flows, the function can turn out to be analytically treatable, or you might end up using some kind of simulation\n\nyou can look for more information at\nAIMR (American Insitute for Market Research)
428019
One of the most unique questions! Consult some of the local finance and legal experts since local laws sometimes interfere with international law. Although, it should be possible, lots of legal (local and international) formalities, may have to be completed. Probably the BEST thing to do is to consult INSURANCE COMPANY EXECUTIVES; who should be able to give best advise on matters pertaining to PENSION SCHEMES.
290538
First you need to seperate your goals one goal is to have money for your loved ones in case you die.  2nd goal is to have money for when you retire. \n1st goal - The best way to do that is use term life insurance.  Instead of paying for ripoff whole life/ universal. 2nd goal - Stick the extra money that you would have to pay for whole life insurance into a Roth IRA which is invested in growth mutual funds.  A good/safe company to start with low fees is Vanguard.
288128
I suggest stocks, mutual funds and ETFs.\n\nDrop me a line if you need more detailed information.
490841
quick smoking, drinking.\n\nput 20% of your earning into high yeild mutual funds -
801461
BUY SOME OF THE TOP PERFORMING FUNDS. THEY ARE LESS RISKY THAN STOCKS.
81762
Risk Management\n\nThe process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision-making. Essentially, risk management occurs anytime an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given their investment objectives and risk tolerance.\n\nasset management \nAsset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. Although the exact details of the task varies widely from company to company, asset management often includes tracking the physical location of assets, managing demand for scarce resources, and accounting tasks such as amortization.
247582
I would use an attorney in Washington, since that's where the PBGC is.  Choose an attorney that knows pension law, like Jim Keightley.  He's a former Chief Counsel for PBGC, so he knows how to get action from them.\nhttp://www.keightleyashner.com/prof.htm
397967
as much as you can! you should get a pension asap, compamny schemes are good as the company puts in aswell. see your financial advisor asap
154185
Pensions are OLD FASHIONED.\nPensions are for when people can actually afford to retire, the pension is a private fund that the COMPANY controls on your behalf... sounds like a conflict of interst thing? would you trust big corporations like Enron with your pensiion??? This more about character or the lack of it... The big corporations used pension plans for theie own greed, laws have changed and so the future for pension plans is very bleak
506201
It depends on the pension plan. Check with the Pension Benefit Guaranty Corporation; they do not deal with ALL pensions but they do deal with any pension that was insured.  They can help you with the options available for your particular pension. If the PBGC does not service your pension, then check with your company's Pension Benefits Administrator.
437445
That's Simple.\n\nIf you have 10+years, there are several balanced mutual/index funds, that have returned more than 10% on average.\n\nUse a fund stock screener - you can see them - pay attention to upfront and ongoing expenses.\n\nIs it the best way? - It's the only one I know that is available to the average guy.\n\nGood Luck!
185991
You use the OPM method - or "Other People's Money"\n\nI suggest you read the book "Rich Dad's Advisors®: OPM (Other People's Money): How to Attract Other People's Money for Your Investments-the Ultimate Leverage" by Michael A. Lechter http://www.amazon.com/exec/obidos/ASIN/0446691852/powerhomebizguid/103-4182160-4838253?creative=327641&camp=14573&adid=121VKQ2A6GZMK8Y173ZS&link_code=as1 . This book will show you how to do what you are planning. You can read excerpts of the book here http://www.powerhomebiz.com/books/richdadOPM.htm
29521
Discuss your situation with a competent financial planner in your area. Do not trust anyone who tells you how much insurance you need without asking you any questions. Avoid insurance salespeople, especially ones who use a multiple of your salary approach.\n\nA good financial planner will complete a survivorship analysis for you. He/she will ask you alot of questions regarding your current financial situation and after making certain assumptions regarding rates of return and inflation, will be able to calculate your family's overall need for assets at your passing and how much of that need would be offset by assets you would have on hand. Don't forget to tell your advisor about any savings or investments you have as well as all life insurance in force, including employer provided. If there is more than enough assets already available, you do not need any additional life insurance, if not, consider purchasing more.\n\nThere is a widespread belief that term insurance is the only worthwhile way to insure oneself. This may not be the case. Term insurance is typically very inexpensive when compared to permanent forms of insurance (whole life, universal life, variable universal life, etc.) but it is important to remember that those term premiums will rise somewhere down the road. Approximately 90% of term policies never pay a death benefit, mainly due to the fact that they became too expensive to keep in force. Term insurance falls into two basic types, Yearly Renewable and Level. Yearly Renewable Term (YRT) premiums start very low. As each policy aniversary passes, your premium goes up. Each year you get older the resulting increase is a little bit larger than the previous year. It makes sense if you look at it from the insurance company's perspective; each year older you get is one year less you have left to live. Level Term will have a certain period where the premiums will remain level, usually 10, 20 or even 30 years. The longer the guarantee period the higher the premiums will be, but they will remain at the initial premium amount for the guarantee period. I prefer Level Term for my clients who need term coverage because it is a much more predictable amount to budget.\n\nPermanent insurances, while requiring higher premiums, also build a cash value, on a tax advantaged basis. If the policy is designed properly, it can make a good savings vehicle for LONG TERM investing goals. As with any important decision, the most important aspect is to get the advice of a competent, trusted professional.
261754
One place to look is at the Pension Benefit Guaranty Corporations missing participant list.  The PBGC is a U.S. Government agency that protects pensions.  They have a search page for unclaimed pesions. Look on their web site: http://www.pbgc.gov
308485
Your best bet is to buy S&P DEP RECEIPTS (Symbol SPY).  they give you the diversity of the S&P 500 index.
551634
If that is a US company, try the Pension Benefit Guaranty Corporation. They insure most US pension plans (but it is up to the employer to decide to buy the insurance or not). If it is an insured plan, the PBGC will know how to get in touch with them.