LEADER 02724nam 2200613Ia 450 001 9910451116003321 005 20200520144314.0 010 $a1-280-94029-8 010 $a9786610940295 010 $a0-8213-7118-5 035 $a(CKB)1000000000289692 035 $a(EBL)459670 035 $a(OCoLC)236337202 035 $a(SSID)ssj0000086856 035 $a(PQKBManifestationID)12007076 035 $a(PQKBTitleCode)TC0000086856 035 $a(PQKBWorkID)10030871 035 $a(PQKB)11507839 035 $a(MiAaPQ)EBC459670 035 $a(Au-PeEL)EBL459670 035 $a(CaPaEBR)ebr10180743 035 $a(CaONFJC)MIL94029 035 $a(EXLCZ)991000000000289692 100 $a20070816d2007 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aFinancial sector dimensions of the Colombian pension system$b[electronic resource] /$fHeinz Rudolph ... [et al.] 210 $aWashington, D.C. $cWorld Bank$dc2007 215 $a1 online resource (92 p.) 225 1 $aWorld Bank working paper,$x1726-5878 ;$vno. 106 300 $aDescription based upon print version of record. 311 $a0-8213-7117-7 320 $aIncludes bibliographical references. 327 $aContents; 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 330 $aThis paper provides an assessment of the funded pension system and the quality of the regulatory framework for both accumulation and payout phase. It suggests that the lack of portfolio diversification may contribute in the future to low returns and poor pensions and provides a number of recommendations to expand the opportunities of investments to pension funds. The paper also finds that pension fund administrators are not exploiting the scale economies in certain areas of the business such as collection of revenues and account management, and proposes mechanisms to reduce costs and increase 410 0$aWorld Bank working paper ;$vno. 106. 606 $aPension trusts$zColombia 606 $aPensions$zColombia 608 $aElectronic books. 615 0$aPension trusts 615 0$aPensions 676 $a657.424 701 $aRudolph$b Heinz P$0611839 712 02$aWorld Bank. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910451116003321 996 $aFinancial sector dimensions of the Colombian pension system$92441796 997 $aUNINA