Evaluating the Financial Performance of Pension Funds

Evaluating the Financial Performance of Pension Funds
Author :
Publisher : World Bank Publications
Total Pages : 300
Release :
ISBN-10 : 9780821381601
ISBN-13 : 0821381601
Rating : 4/5 (01 Downloads)

Book Synopsis Evaluating the Financial Performance of Pension Funds by : Richard Hinz

Download or read book Evaluating the Financial Performance of Pension Funds written by Richard Hinz and published by World Bank Publications. This book was released on 2010-01-14 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Evaluating the Financial Performance of Pension Funds Related Books

Evaluating the Financial Performance of Pension Funds
Language: en
Pages: 300
Authors: Richard Hinz
Categories: Business & Economics
Type: BOOK - Published: 2010-01-14 - Publisher: World Bank Publications

DOWNLOAD EBOOK

Countries around the world are increasingly relying on individual pension savings accounts to provide income in old age for their citizens. Although these funds
Innovations in Pension Fund Management
Language: en
Pages: 372
Authors: Arun S. Muralidhar
Categories: Business & Economics
Type: BOOK - Published: 2001 - Publisher: Stanford University Press

DOWNLOAD EBOOK

This book gives state-of-the-art guidance on how to implement investment strategy with cutting-edge practices of plan sponsors and investment managers. All aspe
Governance and Investment of Public Pension Assets
Language: en
Pages: 364
Authors: Sudhir Rajkumar
Categories: Social Science
Type: BOOK - Published: 2011 - Publisher: World Bank Publications

DOWNLOAD EBOOK

And key messages -- Key principles of governance and investment management -- Governance of public pension assets -- Governance structures and accountabilities
Annuities and Other Retirement Products
Language: en
Pages: 376
Authors: Roberto Rezende Rocha
Categories: Business & Economics
Type: BOOK - Published: 2011 - Publisher: World Bank Publications

DOWNLOAD EBOOK

In the 1990s many emerging economies in Central Europe and Latin America initiated their pension reforms. While most analysis to date has focused on the accumul
How to Select Investment Managers and Evaluate Performance
Language: en
Pages: 272
Authors: G. Timothy Haight
Categories: Business & Economics
Type: BOOK - Published: 2007-10-12 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

An informative guide to selecting and evaluating external investment professionals This book-one of the very few of its kind-is an invaluable aid to trustees of