1.

Record Nr.

UNINA9910780939503321

Titolo

Evaluating the financial performance of pension funds / / Richard Hinz ... [and others], editors

Pubbl/distr/stampa

Washington, D.C. : , : World Bank, , c2010

ISBN

1-282-46258-X

9786612462580

0-8213-8160-1

Descrizione fisica

xvi, 279 pages : illustrations ; ; 23 cm

Collana

Directions in development. Finance

Altri autori (Persone)

HinzRichard P

Disciplina

331.25/24

Soggetti

Pension trusts - Evaluation

Rate of return - Evaluation

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 and index.

Nota di contenuto

Cover; Title Page; Copyright; Contents; Preface and Acknowledgments; Abbreviations; Chapter 1: Evaluating the Financial Performance of Pension Funds; Chapter 2: Investment Performance of Privately Managed Pension Funds: Overview of the Available Data; Chapter 3: Financial Performance of Pension Funds: An Exploratory Study; Chapter 4: Portfolio Choice, Minimum Return Guarantees, and Competition in Defined Contribution Pension Systems; Chapter 5: Labor Market Uncertainty and Pension System Performance; Chapter 6: Pension Funds, Life-Cycle Asset Allocation, and Performance Evaluation

Chapter 7: Application of Advances in Financial Theory and Evidence to Pension Fund Design in Developing EconomiesChapter 8: Future Directions in Measuring the Financial Performance of Pension Funds: A Roundtable Discussion; Index; Back cover

Sommario/riassunto

Countries throughout the world are increasingly relying on individual pension savings accounts to provide income replacement in old age for their citizens. Although these have now been in place for several decades, the metrics for the measurement of their performance has not always meaningful from the perspective the long term objectives of pension funds. The recent financial crisis has highlighted the need to establish meaningful performance measures that consider pension



funds in relation to the ability to effectively provide income replacement at retirement age. The book discusses the theor