Pensionskassen
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The Future Of Multi Pillar Pensions
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Author : Lans Bovenberg
language : en
Publisher: Cambridge University Press
Release Date : 2012-06-21
The Future Of Multi Pillar Pensions written by Lans Bovenberg and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-21 with Business & Economics categories.
Pension systems are under serious pressure worldwide. This pressure stems not only from the well-known trend of population aging, but also from those of increasing heterogeneity of the population and increasing labour mobility. The current economic crisis has aggravated these problems, thereby exposing the vulnerability of many pension schemes to macroeconomic shocks. This book reconsiders the multi-pillar pension scheme against the background of these pressures. It adopts an integral perspective and asks how the pension system as a whole contributes to the three basic functions of pension schemes: facilitating life-cycle financial planning, insuring idiosyncratic risks and sharing macroeconomic risks across generations. It focuses on the optimal balance between the various pension pillars and on the optimal design of each of the schemes. It sketches a number of economic trade-offs, showing that countries may opt for different pension schemes depending on how they react to these trade-offs.
Pension Reform Investment Restrictions And Capital Markets
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Author : Mr.Jorge Roldos
language : en
Publisher: International Monetary Fund
Release Date : 2004-09-01
Pension Reform Investment Restrictions And Capital Markets written by Mr.Jorge Roldos and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-09-01 with Business & Economics categories.
Pension reform in several emerging market countries has been associated with rapid growth in assets under management and a positive impact on the development of local securities markets. However, limitations on such development may lead to asset price distortions, bubbles, and concentration of risks. Regulatory limits on pension fund investments are assessed in light of these risks and developments in modern portfolio theory. A gradual but decisive loosening of restrictions on equity and foreign investments is recommended. Changes in these regulations ought to be coordinated with measures designed to foster the development of local securities markets as well as with macroeconomic policies.
Asset Allocation Considerations For Pension Insurance Funds
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Author : Christian Hertrich
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-16
Asset Allocation Considerations For Pension Insurance Funds written by Christian Hertrich and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-16 with Business & Economics categories.
The central research objective of the dissertation is to assess the suitability of Social Responsible Investments (SRIs) as well as alternative investments for the strategic asset allocation of German Pension Insurance Funds (Pensionskassen). Using a Vector Error Correction model, we estimate the data generating process of the underlying input variables. A bootstrap simulation allows generating future return paths of the underlying portfolios. These return distributions will subsequently be used as input for different asset allocation strategies.The empirical results of our research study offer valuable conclusions: (1) SRI-structured portfolios consistently perform better than conventional portfolios, (2) including alternative investments has a beneficial effect on the risk-return distribution and (3) derivative overlay structures mitigate downside risk exposure without impacting average fund performance. In terms of alternative allocation models, (1) high-equity portfolios lead to an increase in return volatility without sufficiently compensating investors with higher returns, (2) hedging against price increases by engineering a portfolio with inflation-suitable assets yields mixed results, (3) a portfolio composition that combines derivative overlay strategies for both equities and corporate bonds and uses SRI-screened assets as underlying generates the best results.
The Swiss Pension Funds
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Author : Stefan W. Hepp
language : en
Publisher:
Release Date : 1990
The Swiss Pension Funds written by Stefan W. Hepp and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Pension trusts categories.
Global Custody F R Pensionskassen
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Author : Regina Anhorn
language : en
Publisher:
Release Date : 2012
Global Custody F R Pensionskassen written by Regina Anhorn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Modelling Pension Fund Investment Behaviour Routledge Revivals
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Author : David Blake
language : en
Publisher: Routledge
Release Date : 2014-08-01
Modelling Pension Fund Investment Behaviour Routledge Revivals written by David Blake and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-01 with Business & Economics categories.
First published in 1992, this title conducts an in-depth examination of the investment behaviour of pension funds, presenting the first econometric model in this area. Using the well-established framework of modern portfolio theory, David Blake derives a model of optimal portfolio behaviour that explains pension fund asset holdings in terms of the most important macroeconomic and cyclical indicators. He shows how factors such as industry profitability, the balance of payments and the monetary and fiscal policies of the government influence pension fund investments. Broad in scope, this reissue will be of particular value to students and academics with an interest in econometrics, investment analysis and the pension fund industry.
Pension Fund Governance
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Author : Michael Orszag, John Evans, John Piggott
language : en
Publisher: Edward Elgar Publishing
Release Date : 2008-06-30
Pension Fund Governance written by Michael Orszag, John Evans, John Piggott and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-06-30 with Business & Economics categories.
'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
Banking On Death
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Author : Robin Blackburn
language : en
Publisher: Verso
Release Date : 2002
Banking On Death written by Robin Blackburn and has been published by Verso this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Old age pensions categories.
A panoramic view of the origins and development of the pension idea.
Pension Economics
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Author : David Blake
language : en
Publisher: John Wiley & Sons
Release Date : 2006-11-02
Pension Economics written by David Blake and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-11-02 with Business & Economics categories.
While not attempting to train readers as professional economists, this book aims to provide a secure grounding in the theory and practice of economics insofar as it deals with pension matters. From reading this book, the user will understand: * The key types of pension scheme * The role of pensions in maximizing individual lifetime welfare * The role of pensions in individual savings and retirement decisions * The role and consequences of the pension plan from the company's viewpoint * The role of pensions in promoting aggregate savings * The role of pensions and retirement in overlapping generations models * The economics of ageing and intergenerational accounting * The social welfare implications of pensions * The lessons of behavioural economics for pensions
The Cold War In Welfare
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Author : Richard Minns
language : en
Publisher: Verso
Release Date : 2001-05-17
The Cold War In Welfare written by Richard Minns and has been published by Verso this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-05-17 with Law categories.
Minns describes, analyses and destroys arguments for privatisation and the dismantling of the Welfare State.