Evaluating the Financial Performance of Pension Funds is popular PDF and ePub book, written by Richard Hinz in 2010-01-14, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Evaluating the Financial Performance of Pension Funds can be Read Online from any device for your convenience.
Evaluating the Financial Performance of Pension Funds Book PDF Summary
Countries around the world are increasingly relying on individual pension savings accounts to provide income in old age for their citizens. Although these funds have now been in place for several decades, their performance is usually measured using methods that are not meaningful in relation to this long-term objective. The recent global financial crisis has highlighted the need to develop better performance evaluation methods that are consistent with the retirement income objective of pension funds. Compiling research derived from a partnership among the World Bank, the Organisation for Economic Co-operation and Development (OECD), and three private partners, 'Evaluating the Financial Performance of Pension Funds' discusses the theoretical basis and key implementation issues related to the design of performance benchmarks based on life-cycle savings and investment principles. The book begins with an evaluation of the financial performance of funded pension systems using the standard mean variance framework. It then provides a discussion of the limitations inherent to applying these methods to pension funds and outlines the many other issues that should be addressed in developing more useful and meaningful performance measures through the formulation of pension-specific benchmark portfolios. Practical implementation issues are addressed through empirical examples of how such benchmarks could be developed. The book concludes with commentary and observations from several noted pension experts about the need for a new approach to performance measurement and the impact of the recent global financial crisis on pension funds.
Detail Book of Evaluating the Financial Performance of Pension Funds PDF
- Author : Richard Hinz
- Release : 14 January 2010
- Publisher : World Bank Publications
- ISBN : 0821381601
- Genre : Business & Economics
- Total Page : 296 pages
- Language : English
- PDF File Size : 15,5 Mb
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