02724nam 2200613Ia 450 991045111600332120200520144314.01-280-94029-897866109402950-8213-7118-5(CKB)1000000000289692(EBL)459670(OCoLC)236337202(SSID)ssj0000086856(PQKBManifestationID)12007076(PQKBTitleCode)TC0000086856(PQKBWorkID)10030871(PQKB)11507839(MiAaPQ)EBC459670(Au-PeEL)EBL459670(CaPaEBR)ebr10180743(CaONFJC)MIL94029(EXLCZ)99100000000028969220070816d2007 uf 0engurcn|||||||||txtccrFinancial sector dimensions of the Colombian pension system[electronic resource] /Heinz Rudolph ... [et al.]Washington, D.C. World Bankc20071 online resource (92 p.)World Bank working paper,1726-5878 ;no. 106Description based upon print version of record.0-8213-7117-7 Includes bibliographical references.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; ReferencesThis 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 increaseWorld Bank working paper ;no. 106.Pension trustsColombiaPensionsColombiaElectronic books.Pension trustsPensions657.424Rudolph Heinz P611839World Bank.MiAaPQMiAaPQMiAaPQBOOK9910451116003321Financial sector dimensions of the Colombian pension system2441796UNINA