Evaluating the Financial Performance of Pension Funds
eBook - PDF

Evaluating the Financial Performance of Pension Funds

  1. English
  2. PDF
  3. Available on iOS & Android
eBook - PDF

Evaluating the Financial Performance of Pension Funds

About this book

Since the early 1980s, the structure of arrangements to provide retirement income has gradually moved from defined benefit (DB) systems to various types of arrangements in which the provision of pensions is backed by assets, either in individual accounts or in collective schemes. This change has been motivated principally by governments seeking to lessen the fiscal impact of aging populations and to diversify the sources of retirement income. One of the key results is that many pension systems are now in the process of becoming asset backed. This increasingly links retirement incomes to the performance of these assets, resulting in participants being exposed to the uncertainties of investment markets to determine the level of benefits that they will ultimately receive. The potential consequences of this have never been more evident than during the recent global financial crisis. This introductory chapter provides an overview of the issues and motivation for this work and summarizes the studies that were conducted and their main findings. It concludes with policy-related observations that arise from the overall consideration of the research program. The remainder of the volume contains a selection of the studies undertaken through the partnership that focus on developing approaches to evaluate performance of pension funds and concludes with observations and commentary from four noted experts in the field on the issues raised by this work and the interpretation of the findings.

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Yes, you can access Evaluating the Financial Performance of Pension Funds by Richard Hinz, Heinz P. Rudolph, Pablo Antolin, Juan Yermo in PDF and/or ePUB format, as well as other popular books in Business & Wealth Management. We have over one million books available in our catalogue for you to explore.

Information

Publisher
World Bank
Year
2010
eBook ISBN
9780821381595
Topic
Business
Subtopic
Wealth Management
Index
Business

Table of contents

  1. Contents
  2. Preface and Acknowledgments
  3. Abbreviations
  4. Chapter 1 Evaluating the Financial Performance of Pension Funds
  5. Chapter 2 Investment Performance of Privately Managed Pension Funds: Overview of the Available Data
  6. Chapter 3 Financial Performance of Pension Funds: An Exploratory Study
  7. Chapter 4 Portfolio Choice, Minimum Return Guarantees, and Competition in Defined Contribution Pension Systems
  8. Chapter 5 Labor Market Uncertainty and Pension System Performance
  9. Chapter 6 Pension Funds, Life-Cycle Asset Allocation, and Performance Evaluation
  10. Chapter 7 Application of Advances in Financial Theory and Evidence to Pension Fund Design in Developing Economies
  11. Chapter 8 Future Directions in Measuring the Financial Performance of Pension Funds: A Roundtable Discussion
  12. Index
  13. Figures
  14. Tables