1.

Record Nr.

UNINA9910451116003321

Titolo

Financial sector dimensions of the Colombian pension system [[electronic resource] /] / Heinz Rudolph ... [et al.]

Pubbl/distr/stampa

Washington, D.C., : World Bank, c2007

ISBN

1-280-94029-8

9786610940295

0-8213-7118-5

Descrizione fisica

1 online resource (92 p.)

Collana

World Bank working paper, , 1726-5878 ; ; no. 106

Altri autori (Persone)

RudolphHeinz P

Disciplina

657.424

Soggetti

Pension trusts - Colombia

Pensions - Colombia

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; Abstract; Acknowledgments; 1. Introduction; 2. Overview of the Colombian Pension System; List of Tables; List of Boxes; List of Figures; 3. The Accumulation Phase of the FF System; 4. The Payout Phase of the FF System; 5. The Colombian Capital Market; 6. Recommendations; Appendixes; References

Sommario/riassunto

This paper provides an assessment of the funded pension system and the quality of the regulatory framework for both accumulation and payout phase. It suggests that the lack of portfolio diversification may contribute in the future to low returns and poor pensions and provides a number of recommendations to expand the opportunities of investments to pension funds. The paper also finds that pension fund administrators are not exploiting the scale economies in certain areas of the business such as collection of revenues and account management, and proposes mechanisms to reduce costs and increase