September 2018

03Sep

Advances in the Practice of Public Investment Management: Portfolio Modelling, Performance Attribution and Governance

By Narayan Bulusu ,‎ Joachim Coche,‎ Alejandro Reveiz,‎ Francisco Rivadeneyra,‎ Vahe Sahakyan,‎ Ghislain Yanou This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management - including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the...

September 3, 2018
Books, Investing, Management, Pension design,
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03Sep

Pensionomics

By Mario Arturo Ruiz Estrada (University of Malaya: Social Security Research Centre (SSRC)) This paper explores the concept of pensionomics as a prospective tool of pension evaluation. The paper suggests a paradigm shift: a multidisciplinary synthesis of differing perspectives in evaluating pension overall performance based on past work on pension evaluation, incorporating non-economic variables with significant impact on economic growth and social development. The paper suggests a new analytical tool called “Pensions Consistency (PC) Index” that identifies the level of...

September 3, 2018
Articles, Management, Pension design, ,
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June 2018

10Jun

Pension Markets in Focus

OECD Recent years have witnessed intense pension reform efforts in countries around the globe, often involving an increased use of funded pension programmes managed by the private sector. These funded arrangements are likely to play an increasingly important role in delivering retirement income in many countries and privately managed pension assets will play an increasing role in financial markets, notably as a source of long-term savings. This annual report, which now covers 85 countries, gives an overview of private pension systems worldwide and...

June 10, 2018
Books, Management, Pension design, Regulation, ,
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04Jun

Systemic Risk: A Practitioner's Guide to Measurement, Management and Analysis

By Malcolm H.D. Kemp Systemic Risk provides readers with a wide-ranging practical guide to systemic risk in the financial system. It challenges the notion that systemic risk is exclusively about interconnectivities within the financial system, showing that past systemic risk crises have often involved a broader range of vulnerabilities. It describes how regulators and governments are seeking to manage systemic risk, and how their concerns are driving change in regulatory and business environments across the financial sector. It sets out how...

June 4, 2018
Books, Management, Regulation,
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04Jun

Systemic Risk: A Practitioner’s Guide to Measurement, Management and Analysis

By Malcolm H.D. Kemp Systemic Risk provides readers with a wide-ranging practical guide to systemic risk in the financial system. It challenges the notion that systemic risk is exclusively about interconnectivities within the financial system, showing that past systemic risk crises have often involved a broader range of vulnerabilities. It describes how regulators and governments are seeking to manage systemic risk, and how their concerns are driving change in regulatory and business environments across the financial sector. It sets out how...

June 4, 2018
Books, Management, Regulation,
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May 2018

27May

Old Age Pensions, in Theory and Practice, with Some Foreign Examples

By William Sutherland Trieste Publishing has a massive catalogue of classic book titles. Our aim is to provide readers with the highest quality reproductions of fiction and non-fiction literature that has stood the test of time. The many thousands of books in our collection have been sourced from libraries and private collections around the world.The titles that Trieste Publishing has chosen to be part of the collection have been scanned to simulate the original. Our readers see the books the...

May 27, 2018
Books, Management, Regulation, System Sustainability,
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21May

Golden Handcuffs and Corporate Innovation: Evidence from Defined Benefit Pension Plans

By Huu Nhan Duong (Monash University - Department of Banking and Finance; Financial Research Network (FIRN)), Bin Qiu (Missouri Western State University, Craig School of Business) & S. Ghon Rhee (University of Hawaii - Shidler College of Business; University of Hawaii - Department of Financial Economics and Institutions) This study takes advantage of sharply nonlinear funding rules for tax-qualified defined benefit (DB) plans to identify the effects of employees’ deferred compensation on corporate innovation. We find that firms with higher...

May 21, 2018
Articles, Pension design, ,
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March 2018

05Mar

Growing Pension Deficits and the Expenditure Decisions of UK Companies

By Philip Bunn (Bank of England), Paul Mizen (University of Nottingham; Bank of England; Centre for Economic Policy Research (CEPR)) & Pawel Smietanka (Bank of England) Large deficits have opened up on defined benefit pension schemes in the United Kingdom since 2007, and at the same time investment expenditure has been subdued; this is a common phenomenon in other countries too. We use privileged access to a unique new data set from The Pensions Regulator and two identification schemes to...

March 5, 2018
Articles, Investing, Regulation, , ,
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January 2018

15Jan

Nudging Financial and Demographic Literacy: Experimental Evidence from an Italian Trade Union Pension Fund

By Francesco C. Billari (Bocconi University - Department of Policy Analysis and Public Management), Carlo A. Favero (Bocconi University - Department of Finance; Centre for Economic Policy Research (CEPR)) & Francesco Saita (Bocconi University - Department of Finance) In this article, we present and test experimentally a low-cost, Internet-based, financial literacy program that we designed for implementation with the largest industrial pension fund in Italy. The program, Finlife (Financial Education and Planning for a Long Life) included 1) an instructional...

January 15, 2018
Articles, Labor Market, Savings, , , ,
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