Market-Consistent Valuation of a Defined Benefit Pension Fund’s Employer Covenant and its use in Risk-Based Capital Assessment

Document description

Paper by Barrie & Hibbert presented on 28/1/2013 (London) and 18/2/2013 (Edinburgh), together with the paper 'Valuing Sponsor Support‘ by PwC.

Both papers together were collated under the title 'Options for assessing employer covenant and the holistic balance sheet'.