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Do Investment Regulations Compromise Pension Fund Performance? Evidence from Latin America (World Bank Latin American and Caribbean Studies. Viewpoints) by P. S. Srinivas

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Published by World Bank Publications .
Written in English

Subjects:

  • Investment & securities,
  • Investment Finance,
  • Business & Economics,
  • Business / Economics / Finance,
  • Business/Economics,
  • Investments & Securities - General,
  • Argentina,
  • Chile,
  • Law and legislation,
  • Pension trusts,
  • Peru

Book details:

The Physical Object
FormatPaperback
Number of Pages50
ID Numbers
Open LibraryOL11416612M
ISBN 100821344889
ISBN 109780821344880

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Do Investment Regulations Compromise Pension Fund Performance? Evidence from Latin America: A Comment Most of the policy assertions in the paper by Srinivas and Yermo (), published in Revista de Análisis Económico, are not backed by the empirical : Salvador Valdes Prieto.   Important policy conclusions of the paper are that existing regulatory regimes should be liberalized as soon as possible to allow pension fund investments in a wider array of financial instruments and that regulations should require evaluation of pension fund performance against market benchmarks as opposed to exclusive focus on comparisons with industry : Do investment regulations compromise pension fund performance - evidence from Latin America (English) Abstract This report assesses the impact of regulatory regimes on the market performance of private pension funds in Latin American countries that have undertaken reforms of their pension Cited by: Their conclusions that "pension funds (in Chile) did not choose an efficient asset allocation or risk return combination", and mhat "current regulations are severely jeopardizing performance", are not backed by the evidence for Argentina, Chile and : Salvador Valdés-Prieto.

Do investment regulations compromise pension fund performance? Evidence from Latin America. Autores: P. S. Srinivas, Juan Yermo Localización: Revista de análisis económico, ISSN , Vol. 14, Nº 1, , págs. Idioma: inglés Resumen. The paper assesses the impact of regulatory regimes on the market performance of private pension funds in Latin American countries that have. Table 1 contains portfolio ceilings on pension fund investment by broad asset classes. This table indicates if the main limit applies to pension funds’ direct investments only or restricts the total exposure of pension funds to a given asset class, including indirect investments in this asset class through collective investment schemes. Investment regulations and defined contribution pensions This paper assesses the impact of different quantitative approaches to regulate investment risk on the retirement income stemming from defined contribution (DC) pension plans. REGULATION ON INVESTMENT OF PENSION FUND ASSETS Institutional Framework Pension Fund Custodians (PFCs) shall only take written instructions from licensed Pension Fund Administrator (PFAs) with respect to the PFAs investment and management of pension fund assets held in the custody of the PFCs on behalf of the Contributors.

What is Pension Fund Regulation? A. Creating rules to protect the money in pension funds from being stolen B. Setting standards to be sure that pension fund managers have the highest ethical standards C. Carefully watching the activities to pension fund managers to be sure they follow the rules D. Imposing penalties when the rules are not followed. Abstract. The value of funded pensions can depend critically on the funds' investment performance. To try and protect people's savings, governments often regulate pension funds strictly, particularly when contributions are mandatory. For example, the new funded pension systems in Latin America and Eastern Europe are more stringently regulated than private pensions in OECD countries, which are . " "Draconian" regulations have created distortions in asset management, limited opportunities for diversification, and, as a consequence have hampered, the performance of pension funds."This volume shows that the return to retirement assets, expected replacement rates, and, hence, the net welfare gain from pension reform is lower under a draconian regulatory framework than under a more liberal pension fund investment regime. For countries with „low‟ financial development, pension funds do not show a significant impact. Countries with different levels of financial development have different financial market climates that can directly impact the role and performance of pension funds. Differences include pension fund investment regulations.