Management Archives - Page 2 of 5 - Pension Policy International

07MarMarch 7, 2019

Reversing Pension Privatization

From 1981 to 2014, thirty countries fully or partially privatized their social security public mandatory pensions (figure 1). Fourteen countries were in Latin America: Chile (first to privatize in 1981), Peru (1993), Argentina and Colombia (1994), Uruguay (1996), the Plurinational State of Bolivia, Mexico and the Bolivarian Republic of Venezuela (1997), El Salvador (1998), Nicaragua (2000), Costa Rica and Ecuador (2001), Dominican Republic (2003) and Panama (2008). Another fourteen countries in Eastern Europe and the former Soviet Union embarked...

March 7, 2019

Articles, Regulation2018, Labor Market, Management, Public Policy, Sustainability

23FebFebruary 23, 2019

Pension Funds with Automatic Enrollment Schemes: Lessons for Emerging Economies

By Heinz P. Rudolph (The World Bank) Since the introduction of the KiwiSaver scheme in New Zealand in 2006, several countries have implemented, or are in the process of implementing, voluntary funded pension systems with automatic enrollment features. Since most of the literature has focused on countries with the common law tradition, including the United Kingdom and the United States, this note analyzes cases of countries with the civil code tradition, including Turkey, Poland, the Russian Federation, Chile, Brazil, and...

February 23, 2019

Articles, Pension design, System Sustainability2019, Brazil, Canada, Chile, Coverage, Management, New Zealand, Poland, Russia, Turkey

17SepSeptember 17, 2018

2018 Global Retirement Index: An in-depth assessment of welfare in retirement around the world

From Natixis Retirement security is arguably at the crossroads of history. On one side is the three-pillar funding model that’s been the basis of retirement systems across the globe for the better part of a century. On the other is the reality of 21st century demographics, fiscal imbalances, and monetary policies that are straining the resources of governments, employers and individuals worldwide. In the balance is our ability as a society to provide individuals with the opportunities and resources that...

September 17, 2018

Adequacy, Books, Labor Market, System Sustainability2018, Corporate Governance, Management, Public Policy

25JunJune 25, 2018

The Effects of Means-Tested, Noncontributory Pensions on Poverty and Well-Being: Evidence from the Chilean Pension Reforms

By Italo Garcia (RAND Corporation) & Andres Otero (Independent) Chile initiated in 1981 a privately managed, individual-account pension system that inspired similar reforms in many Latin American countries, and that has been considered as a possible model for Social Security in the United States. After 30 years in place, the Chilean pension system has been criticized for replicating existing inequalities in labor markets and increasing the risk of old-age poverty; for achieving lower levels of coverage; and for providing low...

June 25, 2018

Articles, Pension design, System Sustainability2018, Income, Labor Market, Management

23AprApril 23, 2018

Selecting Directors Using Machine Learning

By Isil Erel, Léa H. Stern, Chenhao Tan, Michael S. Weisbach Can an algorithm assist firms in their hiring decisions of corporate directors? This paper proposes a method of selecting boards of directors that relies on machine learning. We develop algorithms with the goal of selecting directors that would be preferred by the shareholders of a particular firm. Using shareholder support for individual directors in subsequent elections and firm profitability as performance measures, we construct algorithms to make out-of-sample predictions...

April 23, 2018

Articles, Corporate Governance2018, Management

15JanJanuary 15, 2018

A Look into the United States’ Underfunded Pension System

By Jason Lin (Truman State University - Department of Business Administration) & Jane Sung (Truman State University) The public pension crisis has come under increasing scrutiny over the past decade as shifting demographic trends, harsh economic conditions and the very nature of pension funds have changed, and not for the better. Pension funds create valuable saving and investment tools for an individual's retirement. They make what seems like the impossible daunting task of saving sufficient funds for retirement completely feasible....

January 15, 2018

Articles, Pension design, Regulation, System SustainabilityFunding, Management, Public Policy, US

30DecDecember 30, 2017

Reconsidering Revenue Sharing: Why Retirement Plan Sponsors Should Consider Breaking the Link between Investment and Plan Costs

By Marc Fandetti (P-Solve) Revenue sharing, the part (or “share”) of an investment manager’s expense that can be used to pay retirement plan costs, remains a common practice among defined contribution (DC) plan sponsors. This article looks at the reasons why revenue sharing arrangements should be reconsidered in light of increased legal scrutiny of the reasonableness of fees and the spirit of transparency motivating recently required disclosures to plan sponsors and participants. (more…)

December 30, 2017

Articles, Investing2017, Defined Contribution, Investing, Management

20DecDecember 20, 2017

The Pension Protection Fund aims to protect pensions – not management

By Nils Pratley It looks terrible for the Pension Protection Fund (PPF): the pensions lifeboat fund is planning to vote against a restructuring of the UK arm of Toys R Us, an action that could mean 3,200 people lose their jobs. On the company’s proposal, only 800 employees would depart and the others would resume the fight against Amazon’s invasion of the toy market. The PPF, however, is not to blame for this mess. Its hands are tied. The PPF’s jobis...

December 20, 2017

News, OP Ed, SliderManagement, Regulation, supervision, UK

04DecDecember 4, 2017

G20 Nations Shifting the Trillions: Impact Investing, Green Infrastructure and Inclusive Growth

By M. Nicolas J. Firzli (World Pensions Council (WPC)) The 2017 Spring Meetings coincided with the surprise calling of snap general elections in the UK and military tensions in the Yellow Sea. Our postwar social contract has to cope with unprecedented shocks: Britain’s thorny withdrawal from the EU, worsening Migrant Crisis, rise in populist demagoguery. But there are also positive signs: the UN’s Sustainable Development Goals (SDGs) and new, more demanding governance norms are making unprecedented advances across the boardrooms of...

December 4, 2017

Articles, Corporate Governance, Investing, Regulation, Slider-Left2017, Financial Inclusion, Management, Political economy, Public Policy, Social Protection

30JulJuly 30, 2017

Pension Funds, Capital Markets, and the Power of Diversification

By Fiona Stewart & Inna Remizova (World Bank); Romain Despalins (OECD) The potential for pension funds to contribute to capital markets and thereby economic growth has been argued on a theoretical basis and demonstrated empirically. However, reforms fostering the development of funded pension systems have not had the economic impact hoped for in some countries. Pension fund portfolios in some cases have remained highly exposed to shorter-term assets, such as bank deposits and shorter-term government bonds. This, in turn, has led to relatively...

July 30, 2017

Articles, Investing, Pension designManagement, Regulation

March 2019

Reversing Pension Privatization

February 2019

Pension Funds with Automatic Enrollment Schemes: Lessons for Emerging Economies

September 2018

2018 Global Retirement Index: An in-depth assessment of welfare in retirement around the world

June 2018

The Effects of Means-Tested, Noncontributory Pensions on Poverty and Well-Being: Evidence from the Chilean Pension Reforms

April 2018

Selecting Directors Using Machine Learning

January 2018

A Look into the United States’ Underfunded Pension System

December 2017

Reconsidering Revenue Sharing: Why Retirement Plan Sponsors Should Consider Breaking the Link between Investment and Plan Costs

The Pension Protection Fund aims to protect pensions – not management

July 2017

Pension Funds, Capital Markets, and the Power of Diversification