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Estimating the risks in defined benefit pension funds under the constraints of PF117
With the issuing of Pension Funds circular PF117 in 2004 in South Africa, regulation required valuation assumptions for defined benefit pension funds to be on a best-estimate basis. Allowance for prudence was to be made through explicit contingency reserves, in order to increase reporting transparen...
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| Format: | Thesis |
| Language: | English |
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Division of Actuarial Science
2018
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