On the Investment Approach in a DC Pension Scheme for Default Fund Phase IV under the Constant Elasticity of Variance (CEV) Model -by Kevin. N. C Njoku, Bright. O. Osu and Philip U. Uzom
Abstract: In this work, the optimal Pension wealth investment strategy during the decumulation phase, in a defined contribution (DC) Pension scheme is constructed. The Pension plan member is allowed to invest in a risk free and a risky asset, under the constant elasticity of variance (CEV)...