Global Pension Crisis [[electronic resource] ] : Unfunded Liabilities and How We Can Fill the Gap

• Autore: Marin Richard A
• Pubblicazione: Hoboken, : Wiley, 2013
• Descrizione fisica: 1 online resource (238 p.)
• Disciplina: 331.25; 331.252
• Soggetto topico: Individual retirement accounts; Pension trusts; Pensions
• Note generali: Description based upon print version of record.
• Nota di contenuto: Global Pension Crisis; ffirs.pdf; Contents; ftoc.pdf; Foreword; fbetw.pdf; Preface; fpref.pdf; Acknowledgments; flast.pdf; About the Author; Chapter 1 Your Worst Nightmare; The Family; Linda and Barbara; Dave and Sharon; Michael and Beth; Kim; Pete and Geoffrey; Nancy and Anthony; Jesse and Sofia; Valene; The Work; The Investment Arena; Pension Math; The States; The Country; The World; Where Does That Leave You?; Chapter 2 Dimensioning the Problem; Calculating the Sufficiency of Savings; Worldwide Wealth and Retirement Assets; National Retirement Asset Sufficiency ; Retirement Age and LongevityGDP Projections and Demographics; Old Age Dependency Ratios; Chapter 3 You Can't Build Your Walls High Enough; The Problem of Retirement Income Security; Generational Warfare over the "Privilege Gap"; Feeding the World; Post-Crisis Policy Adjustments; The Demographic Monster Stalking Us; Chapter 4 Money Matters; Enter Modern Portfolio Theory; The Search for Alpha; The Age of Derivatives; The Birth of Hedge Funds; Alpha/Beta Separation; The Origins of Alpha; Static versus Dynamic Assets and Liabilities; Example 1: Time Value of Money with Static Liabilities ; Example 2: Time Value of Money and Expected ReturnExample 3: Matching Assets with Dynamic Liabilities; Summing Up; Chapter 5 Reinventing Retirement; Defined Benefit Plans; Defined Contribution Plans; Who's the Client After All?; The Changing Landscape; The Perfect Storm; Chapter 6 Alternatives Are Not Only for the Rich and Famous; Pension Assets and the Move Toward Alternative Assets; The Great Hedge Fund Debate; The Institutionalization of Hedge Funds; Chapter 7 The Long and the Short of It . . . Trust Me; Alpha from Operations; Operational Risk; Securities Lending History ; The Securities Lending MarketSecurities Lending Flow, Process, and Mechanics; Hedge Funds; Prime Brokers; Custodian Banks; Beneficial Owners; Ratio Lending; The Rehypothecation Two-Step; Chapter 8 Liability-Driven Alpha; Painting the Recent Pension Landscape; Risks; Interest Rate Risk; Bond Risk; Return-Seeking Risk; Basic LDI Guidelines; Chapter 9 Power Tools for Pensions; Pension Benefit Guaranty Corporation; Factors Affecting the PBGC Insurance Programs; Plan Terminations; Pension Risk Transfer; Risk Mitigation; The Freeze; Termination Nation; Pension Buy-Ins; Pension Buyouts ; Synthetic Mutual Fund NotesThe Issue; The Concept; The Solution; How the Product Works; A Compelling and Unique Opportunity; SynFunds Summary; The Role for Pension Funds; The Yale Model (the Illiquidity Premium) versus the All-Weather Model; Chapter 10 The Poverty of Nations (Apologies to Adam Smith); Is There a Path to Salvation?; The Chilean Terrarium; Chapter 11 The Ultimate Solution; The Nation, State, Municipality, and Company; You as an Individual; Chapter 12 A Peaceful Night's Sleep; What Our Family Looks Like Now; Linda; Barbara; Dave and Sharon; Michael; Beth; Kim; Pete and Geoffrey ; Nancy and Anthony
• Sommario/riassunto: A comprehensive look at the crisis of unfunded pension liabilities and what must be done to avoid the same problem in the future As the generational bubble of the Baby Boomers begins to retire, it is increasingly evident that governments, corporations, and individuals have failed to adequately prepare for the obligations and needs of this giant cohort. Retirees are outliving actuarial life expectancies, pension liabilities are skyrocketing, pension plans are underfunded, and medical costs rise, the United States alone can expect unfunded liabilities to exceed 4 trillion. Even w
• Titolo autorizzato: Global Pension Crisis
• ISBN: 1-118-58235-7
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910806830303321
• Lo trovi qui: Univ. Federico II
• Serie: Wiley Finance