02836nam 2200637Ia 450 991045112180332120200520144314.01-280-94030-197866109403010-8213-7120-7(CKB)1000000000289693(EBL)459669(OCoLC)506982655(SSID)ssj0000085959(PQKBManifestationID)11122051(PQKBTitleCode)TC0000085959(PQKBWorkID)10025777(PQKB)11627356(MiAaPQ)EBC459669(Au-PeEL)EBL459669(CaPaEBR)ebr10180742(CaONFJC)MIL94030(OCoLC)935270965(EXLCZ)99100000000028969320070508d2007 uy 0engurcn|||||||||txtccrCompetition and performance in the Polish second pillar[electronic resource] /by Heinz Rudolph and Roberto RochaWashington, DC World Bank20071 online resource (64 p.)World Bank working paper,1726-5878 ;no. 107Description based upon print version of record.0-8213-7119-3 Includes bibliographical references and index.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; ReferencesThis 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 ofWorld Bank working paper ;no. 107.PensionsPolandPension trustsPolandElectronic books.PensionsPension trusts363.909172Rudolph Heinz P611839Rocha Roberto Rezende611838World Bank.MiAaPQMiAaPQMiAaPQBOOK9910451121803321Competition and performance in the Polish second pillar2487933UNINA