Private Pensions: Conflicts of Interest Can Affect Defined Benefit and Defined Contribution Plans

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Publisher : DIANE Publishing
ISBN 13 : 1437915094
Total Pages : 16 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Private Pensions: Conflicts of Interest Can Affect Defined Benefit and Defined Contribution Plans by : Charles A. Jeszeck

Download or read book Private Pensions: Conflicts of Interest Can Affect Defined Benefit and Defined Contribution Plans written by Charles A. Jeszeck and published by DIANE Publishing. This book was released on 2009-08 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conflicts of interest typically exist when someone in a position of trust, such as a pension consultant, has competing professional or personal issues. Such competing interests can make it difficult for pension plan fiduciaries and others to fulfill their duties impartially. The proliferation of consulting work and the complexity of business arrangements among investment advisors, plan consultants, and others have increased the likelihood of conflicts of interests for both defined benefit (DB) plans, and defined contribution (DC) plans. This is a report on: (1) the effects undisclosed conflicts of interest may have on the financial performance of DB plans; and (2) the vulnerabilities that conflicts of interest may pose for DC plan participants. Illus.

Private Pensions

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781719218153
Total Pages : 30 pages
Book Rating : 4.2/5 (181 download)

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Book Synopsis Private Pensions by : United States Government Accountability Office

Download or read book Private Pensions written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-05-17 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private Pensions: Conflicts of Interest Can Affect Defined Benefit and Defined Contribution Plans

Private pensions

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Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (41 download)

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Book Synopsis Private pensions by : Charles A. Jeszeck

Download or read book Private pensions written by Charles A. Jeszeck and published by . This book was released on 2009 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Defined Benefit Pensions

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781976370533
Total Pages : 68 pages
Book Rating : 4.3/5 (75 download)

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Book Synopsis Defined Benefit Pensions by : United States Government Accountability Office

Download or read book Defined Benefit Pensions written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-18 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: To protect workers' retirement security, the requesters asked GAO to assess: 1) What is known about conflicts of interest affecting private sector defined benefit (DB) plans? 2) What procedures does PBGC have to identify and recover losses attributable to conflicts? 3) What procedures does Employee Benefits Security Administration (EBSA) have to detect conflicts among service providers and fiduciaries for PBGC-trusteed plans? 4) To what extent do EBSA, PBGC, and SEC coordinate their activities to investigate conflicts? GAO interviewed experts, including agency officials, attorneys, financial industry representatives, and academics, and GAO reviewed PBGC documentation and EBSA enforcement materials. GAO analyzed Labor, SEC, PBGC, and private sector data, including data on pensions, pension consultants, and rates of return data, and conducted statistical and econometric analyses.

Private Pensions and Public Policies

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Publisher : Rowman & Littlefield
ISBN 13 : 0815796420
Total Pages : 416 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Private Pensions and Public Policies by : William G. Gale

Download or read book Private Pensions and Public Policies written by William G. Gale and published by Rowman & Littlefield. This book was released on 2004-04-21 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The private pension system, together with Social Security, has provided millions of Americans with income security in retirement. But over the past thirty years, pension coverage has stagnated, leaving behind some vulnerable groups. Defined contribution plans have exposed workers to greater investment risk, while cash balance and other hybrid plans may have adverse effects on older workers caught in the transition. Pension regulations, infamous for their complexity, can be bewildering to policy analysts and policymakers. Private Pensions and Public Policies sheds timely and much-needed light on specific issues within the broader context and framework of pension reform. Contributors focus on topics that must be addressed in any reform effort, including the effects of the shift in emphasis toward defined contribution plans (after the 1974 Employee Retirement Income and Security Act) and hybrid plans (from the 1990s); regulatory issues such as nondiscrimination rules and contribution limits; how to increase the information available to participants and improve financial education; how participants in defined contribution plans make choices on questions such as asset allocation, back-loaded versus front-loaded saving, and annuities versus lump sum distributions; and the interaction of the private pension system with Social Security. Contributors include Robert L. Clark (North Carolina State University), Sylvester J. Schieber (Watson Wyatt Worldwide), Richard A. Ippolito (George Mason University School of Law), Alan L. Gustman (Dartmouth College), Thomas L. Steinmeier (Texas Tech University), John Karl Scholz (University of Wisconsin), Dean M. Maki, (JPMorgan Chase), William Even (Miami University of Ohio), Jagadeesh Gokhale (American Enterprise Institute), Laurence J. Kotlikoff (Boston University), Mark J. Warshawsky (TIAA-CREF Institute), Annika Sunden (Boston College), Andrew A. Samwick (Dartmouth College), David A. Wise (Harvard University), Joel Dickson (T

Defined Benefit Pension Plan Funding Levels and Investment Advice Rules

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Defined Benefit Pension Plan Funding Levels and Investment Advice Rules by : United States. Congress. House. Committee on Ways and Means

Download or read book Defined Benefit Pension Plan Funding Levels and Investment Advice Rules written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 2011 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Private Pensions

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Author :
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Private Pensions by : United States. General Accounting Office

Download or read book Private Pensions written by United States. General Accounting Office and published by . This book was released on 2001 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

401(k) Plans

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Publisher : DIANE Publishing
ISBN 13 : 1437982336
Total Pages : 80 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis 401(k) Plans by : Charlie Jeszeck

Download or read book 401(k) Plans written by Charlie Jeszeck and published by DIANE Publishing. This book was released on 2011-05 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent volatility in financial markets highlights the need for prudent investment decisions if 401(k) plans are to provide an adequate source of retirement income. While plan sponsors and participants may receive help in assessing their investment choices, concerns have been raised about the impartiality of the advice provided. This report describes circumstances where service providers may have conflicts of interest in providing assistance related to the selection of investment options for: (1) plan sponsors; and (2) plan participants; and (3) steps the Dept. of Labor has taken to address conflicts of interest related to the selection of investment options. Includes recommendations. Charts and tables. This is a print on demand report.

Defined Benefit Pensions

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Publisher :
ISBN 13 :
Total Pages : 61 pages
Book Rating : 4.:/5 (173 download)

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Book Synopsis Defined Benefit Pensions by : United States. Government Accountability Office

Download or read book Defined Benefit Pensions written by United States. Government Accountability Office and published by . This book was released on 2007 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation

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Author :
Publisher : DIANE Publishing
ISBN 13 : 9781422300534
Total Pages : 66 pages
Book Rating : 4.3/5 (5 download)

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Book Synopsis The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation by : Barbara D. Bovbjerg (au)

Download or read book The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation written by Barbara D. Bovbjerg (au) and published by DIANE Publishing. This book was released on 2005-09 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employer-sponsored defined benefit pension plans (DBPP) face unprecedented challenges in the midst of significant changes in our nation's retirement landscape. Many DBPP & the fed. agency that insures them, the Pension Benefit Guaranty Corp. (PBGC), have accumulated large & growing deficits that threaten their survival. Meanwhile, the percentage of Amer. workers covered by DBPP has been declining for 30 years, reflecting a movement toward defined contribution plans (e.g., 401(k) plans). To address these issues, a diverse group of knowledgeable individuals was convened -- incl. gov't. officials, researchers, accounting experts, actuaries, plan sponsor & employee group rep., & members of the investment community. Charts & tables.

Pension Plan Complexity

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Publisher :
ISBN 13 :
Total Pages : 344 pages
Book Rating : 4.:/5 (51 download)

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Book Synopsis Pension Plan Complexity by : United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service

Download or read book Pension Plan Complexity written by United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service and published by . This book was released on 1990 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Defined Benefit Pensions

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Author :
Publisher : BiblioGov
ISBN 13 : 9781289083090
Total Pages : 70 pages
Book Rating : 4.0/5 (83 download)

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Book Synopsis Defined Benefit Pensions by : U S Government Accountability Office (G

Download or read book Defined Benefit Pensions written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.

Private Pensions: Conflicts of Interest Can Affect Defined Benefit and Defined Contribution Plans

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437914608
Total Pages : 16 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Private Pensions: Conflicts of Interest Can Affect Defined Benefit and Defined Contribution Plans by : Charles A. Jeszeck

Download or read book Private Pensions: Conflicts of Interest Can Affect Defined Benefit and Defined Contribution Plans written by Charles A. Jeszeck and published by DIANE Publishing. This book was released on 2009-06 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of available data on pension consultants and plans revealed a statistical association between inadequate disclosure and lower investment returns for ongoing plans, suggesting the possible adverse financial effect of such nondisclosure. The econometric analysis detected lower annual rates of return for those ongoing plans associated with consultants that had failed to disclose significant conflicts of interest. These lower rates ranged from a statistically significant 1.2-1.3 % points over the 2000-04 period. The avg. returns for ongoing plans that used consultants who failed to disclose significant conflicts was 3.2-3.3% for the period. This finding suggests the importance of detecting the presence of conflicts among pension plan consultants. Illus.

Fundamentals of Private Pensions

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Publisher : Oxford University Press, USA
ISBN 13 : 9780199269501
Total Pages : 916 pages
Book Rating : 4.2/5 (695 download)

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Book Synopsis Fundamentals of Private Pensions by : Dan Mays McGill

Download or read book Fundamentals of Private Pensions written by Dan Mays McGill and published by Oxford University Press, USA. This book was released on 2005 with total page 916 pages. Available in PDF, EPUB and Kindle. Book excerpt: For almost five decades, Fundamentals of Private Pensions has been the most authoritative text and reference book on private pensions in the world. The revised and updated Eighth Edition adds to past knowledge while providing exciting new perspectives on the provision of retirement income. This new edition is organized into six main sections dealing with a variety of separable pension issues. Section I provides an introductory discussion on the historical evolution of the pension movement and how pensions fit into the patchwork of the whole retirement income security system in the United States. It includes a discussion about the economics of the tax incentives that have played a role in stimulating pension offerings and in the structure of the benefits provided. Section 2 lays out the regulatory environment in which private pension plans operate. Section 3 investigates the various forms of retirement plans that are available to workers to determine how they are structured in practical terms. Section 4 focuses on the economics of pensions. Several of the chapters in this section update and refine material from the prior. New chapters in this volume describe the conversion of some traditional pensions to new hybrid forms, including cash balance and pension equity plans, and the growing phenomenon of phased retirement and the issues raised for employer-sponsored pensions. Section 5 explores the funding and accounting environments in which private employer-sponsored retirement plans operate. The concluding section investigates the handling of assets in employer-sponsored plans and their valuation as well as the insurance provision behind the benefit promises implied by the plans. This latest edition of Fundamentals of Private Pensions will prove invaluable reading for both academics and professionals working in the area of pensions and pension management.

Pension fund governance

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Publisher : Edward Elgar Publishing
ISBN 13 : 1781007667
Total Pages : 284 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Pension fund governance by : Michael Orszag, John Evans, John Piggott

Download or read book Pension fund governance written by Michael Orszag, John Evans, John Piggott and published by Edward Elgar Publishing. This book was released on 2008-06-30 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This collection of essays on a rapidly developing topic is a valuable addition to the field and the editors must be congratulated on beginning to bring the area to the attention of thinkers and government (not necessarily the same thing), who are charged with dealing with the challenge of controlling private pension provision.' - Robin Ellison, Pensions

Defined Benefit Pensions

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Publisher :
ISBN 13 :
Total Pages : 61 pages
Book Rating : 4.:/5 (2 download)

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Book Synopsis Defined Benefit Pensions by : United States. Government Accountability Office

Download or read book Defined Benefit Pensions written by United States. Government Accountability Office and published by . This book was released on 2007 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:

OECD Pensions Outlook 2020

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Publisher :
ISBN 13 : 9789264633452
Total Pages : 208 pages
Book Rating : 4.6/5 (334 download)

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Book Synopsis OECD Pensions Outlook 2020 by : Oecd

Download or read book OECD Pensions Outlook 2020 written by Oecd and published by . This book was released on 2020-12-07 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2020 edition of the OECD Pensions Outlook examines a series of policy options to help governments improve the sustainability and resilience of pension systems. It considers how to ensure that policy makers balance the trade-off between the short-term and long-term consequences of policy responses to COVID-19; how to determine and assess the adequacy of retirement income; how funded pension arrangements can support individuals in non-standard forms of work to save for retirement; how to select default investment strategies; how to address the potential negative consequences from frequent switching of investment strategies; and, how retirement income arrangements can share both the investment and longevity risks among different stakeholders in a sustainable manner. This edition also discusses how governments can communicate in a way that helps people choose their optimal investment strategies.