Individual ALM is about defining optimal savings and asset allocation strategies over the lifecycle, taking into account the full portfolio of retirement income and wealth provisions. Within APG AM, individual ALM is an ongoing research field with applications to several projects within the internal organization. The individual ALM model is currently also tested as tool for individual advice.
Recently individual ALM modeling is extended with data clustering projects. The internal available data sets with detailed characteristics and choice behavior of plan participants will be used to improve pension service and advice to typical homogeneous subgroups of participants (clusters).
Applied ALM research has proven to very fruitful for doing an internship. Some of these projects have resulted in thesis awards and external publications.Examples of recent internships
Examples of recent external publications with interns
- Christian Bockweg "Framing and pension annuities”, Erasmus University; Winner Netspar Msc Thesis Award 2015.
- Jori Arts: ‘DC defaults & heterogeneous preferences, MSc Thesis 2015-017, Tilburg University; Nominated Netspar Msc Thesis Award 2015
- Jordy Duits: Pension advice via targeting homogeneous subgroups in collective savings plans, November 2017, Tilburg University.
- Bockweg, Christian, Ponds, Eduard, Onno Steenbeek, and Joyce Vonken (2017). Framing and the annuitization decision – Experimental evidence from a Dutch pension fund, forthcoming in: Journal of Pension Economics and Finance, first-online 10 July 2017 Tilburg University.
- Jori Arts & Eduard Ponds, (2016) , Netspar Discussion paper, 2016-005.
- Chen Damiaan, Beetsma Roel, Eduard Ponds, and Ward Romp (2016): Intergenerational Risk-Sharing through Funded Pensions and Public Debt, in: Journal of Pension Economics and Finance; 2016.
- Chen Zhiqiang, Antoon Pelsser and Eduard Ponds (2014); Evaluating the UK and Dutch defined benefit policies using the holistic balance sheet framework, Insurance: Mathematics and Economics, vol. 58, September 2014, pp. 89-192.
Preferable background students
Econometrics / Actuarial studies / Quantitative Finance / Quantitative Economics
APG is a pension provider that organizes the pensions for 4.5 million people on behalf of several pension funds. We provide the pensions of one in every five families in the Netherlands.
APG Asset Management is one of the largest pension asset managers in the world. We leverage all our experience, expertise and innovative power to invest the pension assets of our clients and their participants cost effectively. We contribute to a quality, affordable pension by achieving a stable, sustainable long-term return with responsible risks. For APG Asset Management, innovation and personal development are the way to keep a leading edge in pension asset management. Do you love your profession as well as a challenge? APG Asset Management offers plenty of challenges.
APG believes good employment practices are essential. In addition to a market level salary, a quality pension scheme and a year-end bonus, we also offer extensive opportunity in training and personal development. APG is proud to have earned the Top Employer and Top ICT Employer titles since 2008.
We believe that diversity promotes a broader vision and better decision-making. Engagement and respecting cultural differences contribute to our corporate objectives. Everyone is welcome to apply.
- Amsterdam, Heerlen