Scientific Program > Topic 3 > Session 3O >
Presentation 3O1. Plan Member Risk and the Defined Contribution Pension Plan

Larry Weldon (Canada)


Presentation Abstract
There is a widespread acceptance of the standard deviation of periodic returns as a measure of investment risk. However the variability that is measured by the standard deviation is not risk in the laymen's sense, and this is especially true when applied to a DC pension portfolio. This failure of terminology has had important effects on accepted practices. This theme is explored in the talk.


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