Pension Finance

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Pension Design and Structure

Author : Olivia S. Mitchell
Publisher : Oxford University Press
ISBN 13 : 0199273391
Total Pages : 315 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Pension Design and Structure by : Olivia S. Mitchell

Download or read book Pension Design and Structure written by Olivia S. Mitchell and published by Oxford University Press. This book was released on 2004-07-15 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employees are increasingly asked to make sophisticated decisions about their pension and healthcare plans. Yet recent research shows that the decisions 'real' people make are often not those of the careful and well-informed economic agent conventionally portrayed in economic research. Rather, decision-makers tend to operate with flawed information and make some of the most critical financial decisions of their lives lacking a full understanding of the options before them and theimplications of their decisions.Pension Design and Structure explores the assumptions behind commonly-held theories of retirement decision-making, in order to draw out the consequences of frontier research in behavioral finance and economics for those interested in better design and structure of retirement pensions. Using large datasets newly provided by financial service firms and real-world experiments, this volume tests the hypotheses of this research.This is the first book to explore the implications of behavioral finance research for pensions and retirement studies. The authors blend cutting-edge research from several fields including Finance, Economics, Management, Sociology, and Psychology. The book will be of interest to pension plan participants and sponsors, financial service groups responsible for pensions, and retirement system regulators.

Pension Fund Risk Management

Author : Marco Micocci
Publisher : CRC Press
ISBN 13 : 1439817545
Total Pages : 766 pages
Book Rating : 4.4/5 (398 download)

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Book Synopsis Pension Fund Risk Management by : Marco Micocci

Download or read book Pension Fund Risk Management written by Marco Micocci and published by CRC Press. This book was released on 2010-01-25 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt: As pension fund systems decrease and dependency ratios increase, risk management is becoming more complex in public and private pension plans. Pension Fund Risk Management: Financial and Actuarial Modeling sheds new light on the current state of pension fund risk management and provides new technical tools for addressing pension risk from an integr

Pension Finance

Author : David Blake
Publisher : John Wiley & Sons
ISBN 13 : 9780470058701
Total Pages : 484 pages
Book Rating : 4.0/5 (587 download)

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Book Synopsis Pension Finance by : David Blake

Download or read book Pension Finance written by David Blake and published by John Wiley & Sons. This book was released on 2006-11-02 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a secure grounding in the theory and practice of finance insofar as it deals with pension matters. By using it, the reader will understand the various types of investment assets; * the allocation of personal wealth to different asset classes * corporate pension finance * the financial aspects of defined contribution pension plans during both the accumulation and distribution phases * the financial aspects of defined benefit pension plans * the role of pension funds and pension fund management * pension fund performance measurement and attribution * risk management in pension funds

Pension Finance

Author : M. Barton Waring
Publisher : John Wiley & Sons
ISBN 13 : 1118106369
Total Pages : 336 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Pension Finance by : M. Barton Waring

Download or read book Pension Finance written by M. Barton Waring and published by John Wiley & Sons. This book was released on 2011-11-01 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension plans around the world are in a state of crisis. U.S. plans alone are facing a total accrued liability funding deficit of almost $4 trillion (of the same order of magnitude as the federal debt), a potential financial catastrophe that ranks among the largest ever seen. It has become clear that many government, corporate, and multi-employer pension sponsors will not be able to cope with this crippling debt and may default on promised benefits. And many of those sponsors that might be able to cope are exasperated by continuous, ongoing negative surprises-large unexpected deficits and higher-than-expected required contributions and pension expense-and are choosing to terminate their plans. But it need not be so. Pension Finance: Putting the Risks and Costs of Defined Benefit Plans Back under Your Control walks the reader through the conventional actuarial and accounting approaches to financing pension benefits and investing plan assets, showing that the problems described happen as a natural consequence of the dated methods still in use. It shows in detail how modern methods based on market value will easily minimize these risks: Pension plans can in fact be comfortable for employers to sponsor and safe for employees to contribute todepend on for their retirement needs. This book is must-read for defined benefit pension plan sponsors and employee representatives, plan executives, board members, accountants, fund managers, consultants, and regulators., Research sponsored by the CFA Institute, this book demystifies pension finance, previously accessible only to actuaries. It teaches the topic in lay terms by drawing complete analogies to ordinary transactions such as paying off a mortgage or saving for college. Armed with this book, anyone comfortable with finance and investments in any other context can be comfortable with pension finance and pension investment policy. And further armed with a handheld financial calculator, any layperson can quickly estimate the contributions needed to keep a given plan comfortably solvent, giving them a powerful tool for oversight.

Financial Aspects of the United States Pension System

Author : Zvi Bodie
Publisher : University of Chicago Press
ISBN 13 : 0226062899
Total Pages : 466 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Financial Aspects of the United States Pension System by : Zvi Bodie

Download or read book Financial Aspects of the United States Pension System written by Zvi Bodie and published by University of Chicago Press. This book was released on 2008-04-15 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides valuable information and analysis to managers, policymakers, and investment counselors in the rapidly expanding field of pension funding. American workers, too, need answers and insights on how to invest their money and plan for their retirement. fifteen of America's leading financial analysts address such pressing questions as -What is the current financial status of the elderly, and how vulnerable are they to inflation? -What is the impact of inflation on the private pension system, and what are the effects of alternative indexing schemes? -What roles can the social security system play in the provision of retirement income? -What is the effect of the tax code and the Employee Retirement Income Security Act of 1974 (ERISA) on corporate pension policy? -How well funded are corporate pension plans, and is a firm's unfunded pension liability fully reflected in the market value of its common stock? Many of the conclusions these experts reach contradict and challenge popular views, thus providing fertile ground for innovation in pension planning.

Frontiers in Pension Finance

Author : Dirk Broeders
Publisher : Edward Elgar Publishing
ISBN 13 : 1847209920
Total Pages : 355 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Frontiers in Pension Finance by : Dirk Broeders

Download or read book Frontiers in Pension Finance written by Dirk Broeders and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this fresh and valuable volume, experts from across the world provide guidance on pension design, risk management, and governance that is urgently needed in this rapidly changing pension environment. Aging populations are putting pressure on pay-as-you-go pension systems and spurring a shift to prefunded plans. Greater prefunding requires efficient risk management and judicious regulation and supervision. This book provides state-of-the-art analyses of these issues and should be required reading for scholars, practitioners, and anyone interested in the future of pensions. Alicia H. Munnell, Boston College Carroll School of Management and Center for Retirement Research, US How to deliver adequate pension benefits at reasonable costs is a huge challenge confronting our ageing societies. This book delivers a comprehensive overview of the latest insights into pension finance, pension system design, pension governance and risk based supervision. It combines state-of-the-art analyses with innovative policy proposals to increase the efficiency and resilience of pension systems and to advance these systems contribution to global financial stability. Renowned pension experts offer cutting-edge guidance for future decision making and the development of best practices. This exciting exploration of the frontiers in pension finance highlights key aspects of securing long term retirement provisions. Frontiers in Pension Finance will be of interest to a wide-ranging audience, especially academic researchers, pension practitioners, supervisors and public sector policymakers.

Pension Finance

Author : David Blake
Publisher : John Wiley & Sons
ISBN 13 : 0470058439
Total Pages : 501 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Pension Finance by : David Blake

Download or read book Pension Finance written by David Blake and published by John Wiley & Sons. This book was released on 2006-12-04 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a secure grounding in the theory and practice of finance insofar as it deals with pension matters. By using it, the reader will understand the various types of investment assets; * the allocation of personal wealth to different asset classes * corporate pension finance * the financial aspects of defined contribution pension plans during both the accumulation and distribution phases * the financial aspects of defined benefit pension plans * the role of pension funds and pension fund management * pension fund performance measurement and attribution * risk management in pension funds

Managing Pension Plans

Author : Dennis E. Logue
Publisher : Oxford University Press, USA
ISBN 13 : 9780875847917
Total Pages : 0 pages
Book Rating : 4.8/5 (479 download)

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Book Synopsis Managing Pension Plans by : Dennis E. Logue

Download or read book Managing Pension Plans written by Dennis E. Logue and published by Oxford University Press, USA. This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension funds are big business. They are important to employers, employees, governments, and society at large. With the increasing concern over dwindling retirement pension fund crises, managing pension plans has never been more critical--and the pressure on those who are responsible for them has only intensified. Destined to become the classic resource on pension plan management, Managing Pension Plans explains everything you need to know for successful management of any pension plan--from how pension plans help sponsors manage their workforces to the latest in investment and risk management. With concise and practical Managing Pensions Plans is an indispensable resource for pension fund trustees, boards of directors, managers, and administrators of both public and private pension plans as well as for the money management firms, consultants, actuaries, and accountants who serve the pension fund industry. Logue and Rader, two of the world's leading experts on the subject, explain all the financial, legal, economic, accounting, and managerial issues that those who make pension fund decisions must juggle--in language that non-financial managers can understand, yet with sufficient depth to be useful to financial managers as well. The authors synthesize the latest in capital market and financial economics research to help those involved in pension management improve their decision-making in all the critical areas. In addition, the book describes in detail the responsibilities of fiduciaries, revealing how to be both a prudent fiduciary and a capable decision maker. Managing Pension Plans offers candid advice on how pension managers can improve fund performance by being more effective shareholders. As pension fund management and performance increasingly affect the success of organizations as a whole, this book will be indispensable to anyone--from fund analysts to board members-who influences pension fund decisions.

Fiduciary Management

Author : A. van Nunen
Publisher : John Wiley & Sons
ISBN 13 : 1118160746
Total Pages : 207 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Fiduciary Management by : A. van Nunen

Download or read book Fiduciary Management written by A. van Nunen and published by John Wiley & Sons. This book was released on 2011-08-10 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiduciary Management offers an in-depth explanation of every facet of this fast-growing approach to organizing the management of an institutional investment portfolio. Expert author Anton van Nunen begins by outlining the historic shift that has brought this strategy to the attention of the investment community and quickly moves on to illustrate fiduciary management in practice; giving advice in terms of asset-liability modeling and financial markets, constructing portfolios, selecting and overseeing investment managers, benchmarking and performance measurement, and reporting.

Pension Fund Excellence

Author : Keith P. Ambachtsheer
Publisher : John Wiley & Sons
ISBN 13 : 9780471246558
Total Pages : 264 pages
Book Rating : 4.2/5 (465 download)

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Book Synopsis Pension Fund Excellence by : Keith P. Ambachtsheer

Download or read book Pension Fund Excellence written by Keith P. Ambachtsheer and published by John Wiley & Sons. This book was released on 1998-04-23 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neue Ideen für mehr Erfolg! Alles, was ein Manager über Rentenfonds wissen muß - die Zusammenstellung effektiver Fonds, ihr Management, die optimale Wertsteigerung - wird hier anhand in- und ausländischer Fallbeispiele eingängig erklärt. Nutzerfreundlich werden die wichtigsten Schritte in Übersichten zusammengestellt. Verschiedene moderne Ansätze zum Rentenfondsmanagement werden kritisch bewertet.

Pension Design and Structure

Author : Olivia S. Mitchell
Publisher : OUP Oxford
ISBN 13 : 0191534242
Total Pages : 320 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis Pension Design and Structure by : Olivia S. Mitchell

Download or read book Pension Design and Structure written by Olivia S. Mitchell and published by OUP Oxford. This book was released on 2004-07-15 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employees are increasingly asked to make sophisticated decisions about their pension and healthcare plans. Yet recent research shows that the decisions 'real' people make are often not those of the careful and well-informed economic agent conventionally portrayed in economic research. Rather, decision-makers tend to operate with flawed information and make some of the most critical financial decisions of their lives lacking a full understanding of the options before them and the implications of their decisions. Pension Design and Structure explores the assumptions behind commonly-held theories of retirement decision-making, in order to draw out the consequences of frontier research in behavioral finance and economics for those interested in better design and structure of retirement pensions. Using large datasets newly provided by financial service firms and real-world experiments, this volume tests the hypotheses of this research. This is the first book to explore the implications of behavioral finance research for pensions and retirement studies. The authors blend cutting-edge research from several fields including Finance, Economics, Management, Sociology, and Psychology. The book will be of interest to pension plan participants and sponsors, financial service groups responsible for pensions, and retirement system regulators.

The Contradictions of Pension Fund Capitalism

Author : Kevin Skerrett
Publisher : Labor and Employment Research Association
ISBN 13 : 9780913447147
Total Pages : 0 pages
Book Rating : 4.4/5 (471 download)

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Book Synopsis The Contradictions of Pension Fund Capitalism by : Kevin Skerrett

Download or read book The Contradictions of Pension Fund Capitalism written by Kevin Skerrett and published by Labor and Employment Research Association. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is often hoped and assumed that union stewardship of pension investments will produce tangible and enduring benefits for workers and their communities while minimizing the negative effects of what are now global and intensely competitive capital markets. At the core of this book is a desire to question the proposition that workers and their organizations can exert meaningful control over pension funds in the context of current financial markets. The Contradictions of Pension Fund Capitalism is an engaging and readable text that will be of specific interest to members of the labor movement, pension activists, pension trustees, fund administrators, environmental activists, and employers/managers, as well as academics involved in pension or labor research. The contents and arguments of the book are applicable across the United States, Canada, the United Kingdom, Australia, New Zealand, and Ireland, because these countries experience a similar macroeconomic context and face a similar pension landscape.

Managing Pension and Retirement Plans

Author : August J. Baker
Publisher : Oxford University Press on Demand
ISBN 13 : 019516590X
Total Pages : 366 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Managing Pension and Retirement Plans by : August J. Baker

Download or read book Managing Pension and Retirement Plans written by August J. Baker and published by Oxford University Press on Demand. This book was released on 2005 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of 'Pension & Retirement Plan Management: A Guide for Managers and Other Fiduciaries' is to provide reliable guidance for regulatory compliance, advice on managerial strategies, and some clarity on the underlying economics and finance of pension and retirement plans.

Pension Fund Capitalism

Author : Leokadia Oręziak
Publisher : Routledge
ISBN 13 : 1000568539
Total Pages : 122 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Pension Fund Capitalism by : Leokadia Oręziak

Download or read book Pension Fund Capitalism written by Leokadia Oręziak and published by Routledge. This book was released on 2022-04-10 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the origins and consequences of so-called pension fund capitalism, which has spread around the world since 1981, when the pension system was completely privatized in Chile. The author highlights the driving forces behind the privatization of pensions, its forms and tools used in practice, and the risks and costs related to private pensions. The reader can also learn about the experiences of various developed countries (including the USA, Canada, Australia, and Germany), as well as Latin American (including Chile) and Eastern European countries, related to the privatization of pensions. Particular attention is paid to Poland as an example of a country where such privatization failed completely. This book provides a source of serious reflection on what this privatization has led to, what its real economic and social consequences are and what the likelihood is of reversing it and strengthening the public pension system. Academic researchers and students of economics and finance, as well as social and political sciences, will find the book invaluable in understanding the problems arising from the privatization of pensions. It will also be of interest to professionals: institutions that shape or influence economic and social policy, including political parties, trade unions, non-governmental organizations, the media, and institutions operating on the financial market.

Pension Fund Economics and Finance

Author : Jacob Bikker
Publisher : Routledge
ISBN 13 : 1317220838
Total Pages : 216 pages
Book Rating : 4.3/5 (172 download)

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Book Synopsis Pension Fund Economics and Finance by : Jacob Bikker

Download or read book Pension Fund Economics and Finance written by Jacob Bikker and published by Routledge. This book was released on 2017-11-22 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Pension Fund Investment Management

Author : Frank J. Fabozzi
Publisher : John Wiley & Sons
ISBN 13 : 9781883249267
Total Pages : 322 pages
Book Rating : 4.2/5 (492 download)

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Book Synopsis Pension Fund Investment Management by : Frank J. Fabozzi

Download or read book Pension Fund Investment Management written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 1997-08-15 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every investment professional involved with the management of pension funds will embrace this wide-ranging handbook. Consisting of articles by an esteemed panel of contributors, it covers the basics as well as the latest on pension fund governance, operations, and value creation.

Innovations in Pension Fund Management

Author : Arun S. Muralidhar
Publisher : Stanford University Press
ISBN 13 : 9780804745215
Total Pages : 372 pages
Book Rating : 4.7/5 (452 download)

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Book Synopsis Innovations in Pension Fund Management by : Arun S. Muralidhar

Download or read book Innovations in Pension Fund Management written by Arun S. Muralidhar and published by Stanford University Press. This book was released on 2001 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives state-of-the-art guidance on how to implement investment strategy with cutting-edge practices of plan sponsors and investment managers. All aspects of fund management will be seen in a fresh light, as professionals read about current practical and theoretical twists and turns in asset allocation, risk management, and performance evaluation and implementation.