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Analysis of embedded options in individual pension schemes in Germany
Alexander Kling, Jochen Russ, Hato Schmeiser
Newly introduced government-subsidized pension products in Germany are required to contain a promise by the seller to provide a “money-back guarantee” at the end of the term. The client is also...
Analysis of embedded options in individual pension schemes in Germany
Alexander Kling, Jochen Russ, Hato Schmeiser
Newly introduced government-subsidized pension products in Germany are required to contain a promise by the seller to provide a “money-back guarantee” at the end of the term. The client is also...