(RT) Pension Finance
(RT) Pension Finance
Module Coordinator/Lecturers
Study Programmes
Master's degree programme in Finance
Master's degree programme in Innovative Finance
Project Description
Pension Finance provides an introduction to concepts and methods around saving for and spending in retirement.
The course covers the following topics:
The course covers the following topics:
- Modelling the human life cycle
- Models of human mortality
- Valuation models of deterministic interest
- Models of risky financial investments
- Models of pension life annuities
- Models of life insurance
- Sustainable spending at retirement
- The pension system in Liechtenstein and Switzerland
Teaching Method
- Interactive lecture
- E-learning courses to complement and extend the lecture
Learning Results
After successful completion of the course, students will
Professional competences
Methodological competences
Technological competences
Professional competences
- analyse client needs regarding their financial needs with respect to longevity and retirement.
- understand the effects of longevity, bequest motive, and risk-return trade-off on the corresponding
- select appropriate financial instruments for individual pension planning and justify this selection economically.
- understand the Liechtenstein pension system and can compare it to systems in other countries.
Methodological competences
- combine valuation techniques from finance with those from actuarial mathematics .
- understand and apply life-cycle models of individual investors.
- combine financial models with models for longevity risk.
Technological competences
- use R in the context of pension finance.
Assessment Methods
Final written exam