Edikan E. Akpanibah

Portfolio Selection Strategies with Return Clause in a DC Pension Fund

Edikan E. Akpanibah & Udeme O. Ini · Asian Research Journal of Mathematics · 2019

This paper solves the problem faced by a pension fund manager in determining the optimal selection strategies involving four different assets comprising of one risk free asset and three risky assets whose prices are modelled by geometric Brownian motion. Also, a clause mandating...

Open access Research Article 10.9734/arjom/2019/v15i330149

DC Pension Plan with Refund of Contributions under Affine Interest Rate Model

Udeme O. Ini, Obinichi C. Mandah & Edikan E. Akpanibah · Asian Journal of Probability and Statistics · 2020

This paper studies the optimal investment plan for a pension scheme with refund of contributions, stochastic salary and affine interest rate model. A modified model which allows for refund of contributions to death members’ families is considered. In this model, the fund managers...

Open access Research Article 10.9734/ajpas/2020/v7i230175