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Record Nr. |
UNINA9910451121803321 |
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Autore |
Rudolph Heinz P |
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Titolo |
Competition and performance in the Polish second pillar [[electronic resource] /] / by Heinz Rudolph and Roberto Rocha |
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Pubbl/distr/stampa |
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Washington, DC, : World Bank, 2007 |
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ISBN |
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1-280-94030-1 |
9786610940301 |
0-8213-7120-7 |
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Descrizione fisica |
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1 online resource (64 p.) |
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Collana |
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World Bank working paper, , 1726-5878 ; ; no. 107 |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Pensions - Poland |
Pension trusts - Poland |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Contents; Abstract; 1. Introduction; 2. Overview of the Polish Pension System; List of Tables; List of Figures; 3. Structure and Performance of the Second Pillar; 4. Main Regulatory and Supervisory Issues; 5. The Domestic Capital Market; 6. Recommendations for Improving the Performance of the Second Pillar; Appendix; References |
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Sommario/riassunto |
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This paper provides an assessment of the Polish funded pension system and the quality of the regulatory framework for the accumulation phase. There are two elements that distinguish the Polish pension fund portfolios from other reforming countries: the relatively high component of domestic equity, and the negligible component on international securities. Although this asset allocation has provided relatively high real rates of return in the past, it may not be the case in the future, as further portfolio diversification to other instruments will become necessary to ensure sustainable rates of |
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