R
ramdayal9
Member
Hello all
Please can someone help me, I'm going round in circles trying to figure this out. An explanation from first principles would really help!
How do you apply post retirement basis switches? I've seen people apply 1.15^(change in yield) but where did the 1.15 come from?! Is it to do with the mortality table or the term to retirement? What about for current pensioners?
Confused!
Ta
Please can someone help me, I'm going round in circles trying to figure this out. An explanation from first principles would really help!
How do you apply post retirement basis switches? I've seen people apply 1.15^(change in yield) but where did the 1.15 come from?! Is it to do with the mortality table or the term to retirement? What about for current pensioners?
Confused!
Ta