Pension insurance in insecure investment environments: calculations on the risk-bearing capacity of a decentralised pension system

Finnis Centre for Pensions, Reports 02/2016


Petri Hilli

In this study we use stochastic simulation to examine how the system of pension providers’ joint responsibility in the event of bankruptcy of individual insolvent pension providers (compared to pension systems without a joint responsibility) prevents raised contribution levels.

Available only online.