Regulating Private Pension Schemes
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Regulating Private Pension Schemes
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Author : International Network of Pensions Regulators and Supervisors. Conference
language : en
Publisher: OECD
Release Date : 2002
Regulating Private Pension Schemes written by International Network of Pensions Regulators and Supervisors. Conference and has been published by OECD this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Electronic books categories.
The issue of providing appropriate financial security for retirement is of growing importance for both OECD member and non-member countries, and the approaches adopted to implement the necessary reforms vary depending on each country's economic, social and demographic environment. Increasingly, however, reform programmes involve the establishment or extension of private pension arrangements. This book contains a selection of papers presented at a meeting in April 2001 of the International Network of Pension Regulators and Supervisors (INPRS) and the OECD to discuss the key policy implications arising from the growth of private pension schemes.
Private Pensions Series Regulating Private Pension Schemes Trends And Challenges
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2002-04-19
Private Pensions Series Regulating Private Pension Schemes Trends And Challenges written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-04-19 with categories.
This conference proceedings analyses the key policy implications arising from the growth of private pensions.
Toward Better Regulation Of Private Pension Funds
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Author : Hemant Shah
language : en
Publisher: World Bank Publications
Release Date : 1997
Toward Better Regulation Of Private Pension Funds written by Hemant Shah and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Chile - Seguridad social categories.
The New Regulatory State
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Author : L. Leisering
language : en
Publisher: Springer
Release Date : 2011-10-03
The New Regulatory State written by L. Leisering and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-03 with Social Science categories.
Explores the role of governments in creating and regulating private pensions in the UK and Germany since the 1980s. Private pensions have given rise to a new regulatory state in this area. The contributing authors compare pension regulation and utility regulation, while others analyse the regulatory role of the EU.
The Structure Regulation And Performance Of Pension Funds In Nine Industrial Countries
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Author : E. P. Davis
language : en
Publisher: World Bank Publications
Release Date : 1993
The Structure Regulation And Performance Of Pension Funds In Nine Industrial Countries written by E. P. Davis and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Canada categories.
Company pension funds can make important contributions to retirement income and to capital market development. But they need to be regulated and supervised to avoid fraud; protect the interests of workers, and minimize restrictions on labor mobility.
Toward Better Regulation Of Private Pension Funds
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Author : Hemant Shah
language : en
Publisher:
Release Date : 1999
Toward Better Regulation Of Private Pension Funds written by Hemant Shah and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
June 1997 Although well-meant, Chilean-style pension reforms distort incentives for competition, raise costs, and reduce desirable investment choices and returns. This proposed departure from a Chilean-style private pension fund system would permit banks and mutual funds to manage retirement savings. It would also require that returns be reported on a net basis, and would charge commissions as a fraction of assets managed. Shah analyzes the typical model for regulating investments in private pension funds. Pension reforms like those pioneered by Chile are being initiated or considered in Argentina, Bolivia, China, Colombia, Costa Rica, Hungary, Mexico, Peru, Uruguay, and elsewhere. Such reforms greatly improve fiscal discipline, make social security benefits and burdens equitable, and deepen financial markets. But they are also typically accompanied by: * Tight restrictions on the investments in pension fund portfolios. * Restrictions on the management of mandated retirement savings (to newly created legal entities called pension administrators, to the exclusion of such financial intermediaries as banks and mutual funds). * Minimum-return guarantees from the state and/or pension funds. * Commissions based on salary rather than on the volume of assets managed. Illustrating his conclusions with case studies from Chile and Peru, Shah shows that these restrictions, though well-meant, are poorly justified by financial theory, distort incentives for competition based on product choice and efficiency, increase administrative costs, and seriously reduce the affiliates' appropriate risk-return choices and returns. And the resulting potential losses in retirement income are great. Shah recommends a significant departure from the Chilean-style model of a private pension fund system. He briefly describes implementation and transition issues for the alternative system that he proposes, which would: * Permit diverse intermediaries- banks and mutual funds that meet appropriate prudential standards- manage retirement savings. * Allow a greater choice between investment products. * Require that returns be reported on a net basis. * Charge commissions as a fraction of assets managed. This paper-a product of the Advisory Group, Technical Department, Latin America and the Caribbean Regional Office-is part of a larger effort in the Region and the Economic Development Institute to disseminate policy research on social security reforms. An earlier version was presented at an EDI Conference, Pension Systems: From Crisis to Reform, in November 1996.
Regulating Defined Contribution Pension Schemes
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Author : Great Britain: National Audit Office
language : en
Publisher: The Stationery Office
Release Date : 2012-07-11
Regulating Defined Contribution Pension Schemes written by Great Britain: National Audit Office and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-11 with Business & Economics categories.
This report on the regulation of defined contribution pensions concludes that there is insufficient accountability to ensure that the regulatory system delivers value for money. The report highlights the taxpayer's substantial interest in the effectiveness of pension regulation. In 2010-11, tax relief for employer-sponsored defined contribution schemes amounted to an estimated £8.5 billion. The trend towards defined contribution schemes increases longer-term risks to the taxpayer, as members are on average likely to achieve considerably lower levels of retirement income than those with predominantly defined benefit pensions, and the state is ultimately liable for providing a basic income for the elderly. The Pensions Regulator regulates all work-based pension schemes and shares responsibility for regulating some of these schemes - so-called contract-based schemes - with the Financial Services Authority. The Regulator has adopted a sound approach of aiming to regulate in a targeted, proportionate and risk-based way, and that its evidence base is improving, as is the administration of schemes. However, The Pensions Regulator's current system of performance measurement does not make it possible to judge whether the Regulator is effective in protecting members' benefits, which is one of its strategic objectives. There is no single body leading on regulating schemes, setting objectives or measuring performance. The lack of a joined-up approach also means that there is insufficient basic information available about the market, such as definite numbers of scheme members or the levels of fees and charges they face.
Oecd Principles Of Occupational Pension Regulation Methodology For Assessment And Implementation
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2010-08-18
Oecd Principles Of Occupational Pension Regulation Methodology For Assessment And Implementation written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-18 with categories.
This book provides a structured approach for evaluating a jurisdiction’s occupational pension regulatory system in relation to the OECD Core Principles of Occupational Pension Regulation.
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
Pension Fund Governance
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Author : John R. Evans
language : en
Publisher: Edward Elgar Publishing
Release Date : 2008
Pension Fund Governance written by John R. Evans 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 with Business & Economics categories.
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.