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Mortality improvements, uncertainty in future mortality trends and the relevant impact on life annuities and pension plans constitute important topics in the fi

Historically, unexpected improvements in mortality rates have led to large, unanticipated increases in life expectancy, with accompanying increases in the value

This book presents a consistent and complete framework for studying the risk management of a pension fund. It gives the reader the opportunity to understand, re

This book presents a consistent and complete framework for studying the risk management of a pension fund. It gives the reader the opportunity to understand, re