Pension fund benefits are crucial for pensioners' welfare and pension fund savings have accumulated to huge amounts, covering a major part of world-wide institutional investments. However, the literature on pension fund economics and finance is rather limited, caused, in part, to limited data availability. This book contributes to this literature and focuses on three important areas. The first is pension fund (in)efficiency, which has a huge impact on final benefits, particularly when annual spoilage accumulates over a lifetime. Scale economies, pension plans complexity and alternative pension saving plans are important issues.
The second area is investment behavior and risk-taking. A key question refers to the allocation of investments over high risk/high return and relatively safe assets. Bikker investigates whether pension funds follow the life-cycle hypothesis: more risk and return for pension funds with young participants. Many pension funds are rather limited in size, which may raise the question how financially sophisticated the pension fund decision makers are: rather professionals or closer to unskilled private persons?
The third field concerns two regulation issues. How do pension fund respond to shocks such as unexpected investment returns or changes in life expectancy? What are the welfare implications to the beneficiary for different methods of securing pension funding: solvency requirements, a pension guarantee fund, or sponsor support?
This groundbreaking book will challenge the way pension fund economics is thought about and practiced.
Автор: Blake Название: Modelling Pension Fund Investment Behaviour (Routledge Revivals) ISBN: 1138020737 ISBN-13(EAN): 9781138020733 Издательство: Taylor&Francis Рейтинг: Цена: 46950.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: First published in 1992, this title conducts an in-depth examination of the investment behaviour of pension funds, presenting the first econometric model in this area. Using the well-established framework of modern portfolio theory, David Blake derives a model of optimal portfolio behaviour that explains pension fund asset holdings in terms of the most important macroeconomic and cyclical indicators. He shows how factors such as industry profitability, the balance of payments and the monetary and fiscal policies of the government influence pension fund investments. Broad in scope, this reissue will be of particular value to students and academics with an interest in econometrics, investment analysis and the pension fund industry.
Автор: Blake David Название: Issues in Pension Funding ISBN: 1138023078 ISBN-13(EAN): 9781138023079 Издательство: Taylor&Francis Рейтинг: Цена: 42870.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: First published in 1992, this book explains how pension funds work in order to highlight their impact on the economy as a whole. David Blake explores the different systems in operation at the time of writing, both state run and private sector, and describes policy initiatives such as personal pension schemes. Longer life-expectancy, overseas investment, equal opportunities and short-termism in capital markets are among the issues discussed as David Blake assesses how pension funds typically behave. This is a title of continued relevance, which addresses the questions repeatedly raised within government and wider society.
Название: Strengthening Public Pension Systems in Asia: Conference Proceedings ISBN: 929257356X ISBN-13(EAN): 9789292573560 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 17550.00 T Наличие на складе: Невозможна поставка. Описание: Well-designed, well-functioning, and sustainable pension systems will promote inclusive growth by supporting old-age income and provide a muchneeded social safety net. In many Asian countries, pension systems are still inadequate in terms of coverage and delivery of stipulated benefits. This is particularly so for the smaller economies of Cambodia, Lao People's Democratic Republic, Myanmar, Thailand, and Viet Nam. A number of structural issues such as governance, regulation, and administrative capacities hinder their development. These issues are discussed in this summary of the 34 September 2015 Conference proceedings on Strengthening Public Pension Systems in Asia.
Автор: Cms Pensions Team Название: Pensions law handbook ISBN: 1526507471 ISBN-13(EAN): 9781526507471 Издательство: Bloomsbury Academic Рейтинг: Цена: 105600.00 T Наличие на складе: Невозможна поставка. Описание: Provides guidance through the complex web of pensions-related statues, regulations, regulatory guidance and case law, in an accessible style. Includes the following updates: Pension Protection Fund ('PPF') levy calculations and new provisions on compensation payments; changes to the charges and governance provisions, the new DC Code and the pension’s regulator's new campaigns and policies; The General Data Protection Regulation ('GDPR'); Money laundering requirements for trustees; Financial services requirements under EMIR and MIFID II. Includes coverage of the following case law: Employer duties (IBM and BBC v Bradbury); Sex equalisation (Safeway v Newton); Sexual orientation (Walker v Innospec); Trustee powers (BA); Age discrimination (The judges and firefighter cases); Co-habiting partners (Brewster); Limitation for recovering overpayments (Webber); Barnardo’s (pension increases and scheme modification) and Steria (amendment powers). Includes the following legislative changes: Pensions tax relief and tax charges on overseas transfers; The Financial Guidance and Claims Bill; DB White Paper; The master trust authorisation regime from the Pension Schemes Act 2017; Legislation on combating pension scams.
Автор: Arthur Hendriks Название: Multiemployer Pension Plans & the Pension Benefit Guaranty Corporation ISBN: 162808099X ISBN-13(EAN): 9781628080995 Издательство: Nova Science Рейтинг: Цена: 290390.00 T Наличие на складе: Невозможна поставка. Описание: A practical introduction developed to underpin core aspects of commissioning services in health and social care with tools and strategies that really work, this is a step-by-step guide to the commissioning process and will help the reader better understand the skills required for good commissioning, the challenges they may face and how to approach them and what makes a good commissioning manager.
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