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Author : Anonim
Publisher : World Bank Publications
Page : 79 pages
File Size : 50,8 Mb
Release : 2024-06-01
Category : Electronic
ISBN : 8210379456XXX
Author : Olivia S. Mitchell,Ping Lung Hsin
Publisher : Unknown
Page : 62 pages
File Size : 41,7 Mb
Release : 1994
Category : Civil service
ISBN : UVA:X002610027
Author : David Hess,Gregorio Impavido
Publisher : World Bank Publications
Page : 40 pages
File Size : 49,5 Mb
Release : 2003
Category : Corporate governance
ISBN : 8210379456XXX
An understanding of corporate governance theory can promote the adoption of appropriate governance tools to limit agency problems in public pension fund management. The absence of a market for corporate control hinders the translation of lessons from the private sector corporate world to public pension governance. The establishment of a fit, and proper governing body for public pension funds, thus may be even more important than the maintenance of a comparable body for private sector corporations. In particular, behavioral controls should be carefully designed.
Author : Gregorio Impavido
Publisher : World Bank Publications
Page : 44 pages
File Size : 42,7 Mb
Release : 2002
Category : Fondo de pensiones
ISBN : 8210379456XXX
The author surveys the empirical literature on the relationship between governance of public pension fund management and investment performance. He makes a preliminary attempt to identify good governance practices and distill governance guidelines aimed at reducing the political risk that is associated with central, public pension fund management. The author highlights the need for further work to support the development of a satisfactory set of governance guidelines.
Author : Sudhir Rajkumar,Mark C. Dorfman
Publisher : World Bank Publications
Page : 364 pages
File Size : 47,6 Mb
Release : 2011
Category : Social Science
ISBN : 9780821384701
And key messages -- Key principles of governance and investment management -- Governance of public pension assets -- Governance structures and accountabilities -- Qualification, selection, and operation of governing bodies -- Operational policies and procedures -- Managing fiscal pressures in defined-benefit schemes -- Policy responses to turbulent financial markets -- Investment of public pension assets -- Defining the investment policy framework for public pension funds -- Managing risk for different cohorts in defined-contribution schemes -- An asset-liability approach to strategic asset allocation for pension funds -- In-house investment versus outsourcing to external investment managers -- International investments and managing the resulting currency risk -- Alternative asset classes and new investment themes.
Author : John R. Evans,Michael Orszag,John R. Piggott
Publisher : Edward Elgar Publishing
Page : 296 pages
File Size : 42,9 Mb
Release : 2008
Category : Business & Economics
ISBN : STANFORD:36105131799830
The academic literature on pension governance is sparse and this book will fill some important gaps by bringing together original contributions from around the world on subjects related to the area. The book initially lays out the main frameworks for pension fund governance and then goes on to examine global governance practice and experience and country studies on pension funds in the United States and Australia. The final section of this in-depth study discusses the role of government guarantees. The editors and contributors to this book have struck a balance between the various dimensions of the governance problem. Whilst ensuring that the theoretical frameworks are represented, at the same time, they have also recognized that it is vital to report on empirical work. Private pensions are examined closely, while also acknowledging that public pension funds are extremely important actors. Pension Fund Governance will appeal to academics and researchers of financial economics and financial management, as well as those in the fields of public finance and public sector economics. Furthermore the book will also find an audience among those in commercial and policy roles which involve pensions, including pension actuaries.
Author : Michael Orszag, John Evans, John Piggott
Publisher : Edward Elgar Publishing
Page : 284 pages
File Size : 48,5 Mb
Release : 2008-06-30
Category : Business & Economics
ISBN : 9781781007662
'This collection of essays on a rapidly developing topic is a valuable addition to the field and the editors must be congratulated on beginning to bring the area to the attention of thinkers and government (not necessarily the same thing), who are charged with dealing with the challenge of controlling private pension provision.' - Robin Ellison, Pensions
Author : Richard Hinz,Rudolph Heinz P.,Pablo Antol n,Juan Yermo
Publisher : World Bank Publications
Page : 296 pages
File Size : 41,6 Mb
Release : 2010-01-14
Category : Business & Economics
ISBN : 0821381601
Countries around the world are increasingly relying on individual pension savings accounts to provide income in old age for their citizens. Although these funds have now been in place for several decades, their performance is usually measured using methods that are not meaningful in relation to this long-term objective. The recent global financial crisis has highlighted the need to develop better performance evaluation methods that are consistent with the retirement income objective of pension funds. Compiling research derived from a partnership among the World Bank, the Organisation for Economic Co-operation and Development (OECD), and three private partners, 'Evaluating the Financial Performance of Pension Funds' discusses the theoretical basis and key implementation issues related to the design of performance benchmarks based on life-cycle savings and investment principles. The book begins with an evaluation of the financial performance of funded pension systems using the standard mean variance framework. It then provides a discussion of the limitations inherent to applying these methods to pension funds and outlines the many other issues that should be addressed in developing more useful and meaningful performance measures through the formulation of pension-specific benchmark portfolios. Practical implementation issues are addressed through empirical examples of how such benchmarks could be developed. The book concludes with commentary and observations from several noted pension experts about the need for a new approach to performance measurement and the impact of the recent global financial crisis on pension funds.
Author : Isla Carmichael
Publisher : Unknown
Page : 226 pages
File Size : 43,7 Mb
Release : 2005
Category : Business & Economics
ISBN : 9780802036476
. In "Pension Power," Isla Carmichael argues that unions could ? and should ? have a new role to play in the economy by gaining control over their members? pension funds.
Author : Yu-Wei Hu,Gregorio Impavido,Xiaohong Li
Publisher : International Monetary Fund
Page : 52 pages
File Size : 49,5 Mb
Release : 2009-11-01
Category : Business & Economics
ISBN : 9781451873931
The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the key components of the system, highlights the progress made to date and identifies remaining weaknesses, in regard to information disclosure, the governance framework and pension fund management standards.
Author : Bruce Little
Publisher : University of Toronto Press
Page : 396 pages
File Size : 42,5 Mb
Release : 2008-12-15
Category : Political Science
ISBN : 9781442651197
In 1993, most Canadians believed that big government deficits were permanent and that the Canada Pension Plan (CPP) was in such deep trouble that younger Canadians would never collect a retirement pension. They believed too that Canada's politicians were incapable of dealing with either problem. Yet by 1998, both were essentially solved. While the deficit battles have been recounted many times, the story of the reform that rescued the CPP has gone almost entirely untold. In Fixing the Future, Bruce Little explains the CPP overhaul and shows why it stands as one of Canada's most significant public policy success stories, in part because it demanded an almost unparalleled degree of federal-provincial co-operation. Providing an overview of the CPP's entire history from its beginning in 1965, Little pulls together published, and new unpublished, material relating to the CPP reform, and interviews over fifty politicians, government officials, and others who were deeply involved in the reforms for their recollections, insights, and observations. A superbly told history of one of Canada's most important public policy issues, Fixing the Future will be of interest to political scientists, historians, economists, and anyone concerned about their retirement.
Author : Scott Sweatman
Publisher : Unknown
Page : 128 pages
File Size : 47,8 Mb
Release : 2017-10
Category : Electronic
ISBN : 1525400460
Author : Jan-Erik Johanson
Publisher : Springer
Page : 207 pages
File Size : 44,5 Mb
Release : 2018-12-29
Category : Political Science
ISBN : 9783030034399
This book explores goal-oriented action and describes the variety of options offered by strategic management in guiding public organisations. The book is based on the idea that planning is only one option in orienting the functioning of public organisations and applies resource-based and network studies to the public sector. Whilst most of the existing literature on strategic management relates to local government, this book examines developments within central governments and public agencies external to government hierarchies. The book also addresses the strategic distinction between politics and administration often neglected by existing research, and illustrates the connection between goal setting and actual performance of government organisations.
Author : Jun Peng
Publisher : CRC Press
Page : 286 pages
File Size : 49,7 Mb
Release : 2008-08-21
Category : Political Science
ISBN : 9780849305511
Intense media coverage of the public pension funding crisis continues to fuel heightened awareness in and debate over public pension benefits. With over $3 trillion in assets currently under management, the ramifications of poor oversight are severe. It is important that practitioners, researchers, and taxpayers be well-advised regarding any concer
Author : Olivia S. Mitchell,Edwin C. Hustead
Publisher : University of Pennsylvania Press
Page : 692 pages
File Size : 48,6 Mb
Release : 2001
Category : Business & Economics
ISBN : 0812235789
From the Pension Research Council of the Wharton School, this book explores the diversity of governmental pension plans and investigates how these financial institutions must change in years to come.