Evaluating The Financial Performance Of Pension Funds

Business & Finance, Industries & Professions, Industries
Cover of the book Evaluating The Financial Performance Of Pension Funds by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan, World Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan ISBN: 9780821381595
Publisher: World Bank Publication: January 11, 2010
Imprint: Language: English
Author: Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
ISBN: 9780821381595
Publisher: World Bank
Publication: January 11, 2010
Imprint:
Language: English
Countries throughout the world are increasingly relying on individual pension savings accounts to provide income replacement in old age for their citizens. Although these have now been in place for several decades, the metrics for the measurement of their performance has not always meaningful from the perspective the long term objectives of pension funds. The recent financial crisis has highlighted the need to establish meaningful performance measures that consider pension funds in relation to the ability to effectively provide income replacement at retirement age. The book discusses the theoretical basis and a number of implementation issues related to the emerging view that at meaningful evaluation of the investment performance of pension funds requires the design of life-cycle benchmarks against which performance can be evaluated. The composition of these benchmarks would depend on a number of factors, including the presence of other sources of retirement income; the age of individuals; the rate of contributions; the target replacement rate; the expected density of contributions; the type of retirement income in the payout phase, and the risk aversion of policymakers and individuals. This book provides an evaluation of the financial performance of funded pension systems within the standard mean variance framework. It then provides a discussion of the limitations inherent to applying these methods to pension funds and proceeds to review the many other issues that should be addressed in developing more useful and meaningful performance measures through the formulation of pension specific benchmark portfolios. Evaluating the Financial Performance of Pension Funds concludes with commentary and observations about the need for and application of this new approach to performance measurement and the impact of the recent global financial crisis on the pension funds.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Countries throughout the world are increasingly relying on individual pension savings accounts to provide income replacement in old age for their citizens. Although these have now been in place for several decades, the metrics for the measurement of their performance has not always meaningful from the perspective the long term objectives of pension funds. The recent financial crisis has highlighted the need to establish meaningful performance measures that consider pension funds in relation to the ability to effectively provide income replacement at retirement age. The book discusses the theoretical basis and a number of implementation issues related to the emerging view that at meaningful evaluation of the investment performance of pension funds requires the design of life-cycle benchmarks against which performance can be evaluated. The composition of these benchmarks would depend on a number of factors, including the presence of other sources of retirement income; the age of individuals; the rate of contributions; the target replacement rate; the expected density of contributions; the type of retirement income in the payout phase, and the risk aversion of policymakers and individuals. This book provides an evaluation of the financial performance of funded pension systems within the standard mean variance framework. It then provides a discussion of the limitations inherent to applying these methods to pension funds and proceeds to review the many other issues that should be addressed in developing more useful and meaningful performance measures through the formulation of pension specific benchmark portfolios. Evaluating the Financial Performance of Pension Funds concludes with commentary and observations about the need for and application of this new approach to performance measurement and the impact of the recent global financial crisis on the pension funds.

More books from World Bank

Cover of the book Measuring Inequality Of Opportunities In Latin America And The Caribbean by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Scaling Up Affordable Health Insurance by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Left Behind by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Global Monitoring Report 2010: The MDGs After The Crisis by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Trade And Transport Facilitation Assessment: A Practical Toolkit For Country Implementation by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Job Creation In Latin America And The Caribbean: Recent Trends And Policy Challenges by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Life Chances In Turkey: Expanding Opportunities For The Next Generation by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Economic Development And Multilateral Trade Cooperation by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book The Global Findex Database 2017 by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Agricultural Price Distortions, Inequality, And Poverty by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Multigrade Teaching In Sub-Saharan Africa: Lessons From Uganda, Senegal, And The Gambia by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Microfinance Handbook: An Institutional And Financial Perspective by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book China's Information Revolution: Managing The Economic And Social Transformation by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Regenerating Urban Land by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
Cover of the book Reforming Agricultural Trade For Developing Countries (Vol. 2): Quantifying The Impact Of Multilateral Trade Reform by Hinz Richard; Heinz Rudolph; Antolin Pablo; Yermo Juan
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy