Author: Mark BakerPublisher:
ISBN: 9781906284886
Category :
Languages : en
Pages :
Book Description
Approaching the Endgame
Author: Mark BakerPublisher:
ISBN: 9781906284886
Category :
Languages : en
Pages :
Book Description
Defined Benefit Pension Schemes in the United Kingdom
Author: Philippe-N. MarcaillouPublisher: Oxford University Press
ISBN: 019873879X
Category : Business & Economics
Languages : en
Pages : 383
Book Description
The goal of Asset-Liability Management (ALM) of a Defined Benefit Pension Scheme (DB) is to properly manage the risks related to variation in its building blocks on both sides of the balance sheet whilst maintaining the same expected return. This book provides a step-by-step methodology to maximize the complete restructuring and monitoring of the ALM of DB schemes. It is a product of the author's 25 years of experience and technical knowledge in ALM of Pension Funds, portfolio management, investment banking and, specifically, more than 700 meetings with investment experts in the Pension Industry. It includes 400 figures and tables to help the reader make appropriate decisions and identify hidden tricks. It provides an in-depth understanding of how an Asset-Liability structure works, how to assess the efficiency of an investment strategy, and how to maximize the management of cash. Liabilities and Liability Driven Investment technics (LDI) are explained through numerous examples. The book shows the reader how to select the right LDI manager, and how to define a liability hedging strategy and monitor its efficiency. It demonstrates how to build efficient investment portfolios and select the appropriate asset classes, as well as how to build and monitor an efficient risks and performances report. In addition, it shows how the most common financial instruments work, their roles, the basics of statistics, and the principles of portfolio construction. Finally, it provides introduction to Buy-in, Buyout, and Longevity risk management.
The Structure, Regulation, and Performance of Pension Funds in Nine Industrial Countries
Author: E. P. DavisPublisher: World Bank Publications
ISBN:
Category : Canada
Languages : en
Pages : 85
Book Description
Company pension funds can make important contributions to retirement income and to capital market development. But they need to be regulated and supervised to avoid fraud; protect the interests of workers, and minimize restrictions on labor mobility.
Private Pensions in OECD Countries
Author: Defined Benefit Pension Schemes in the UK
Author: Philippe-N. MarcaillouPublisher: Oxford University Press
ISBN: 0191058947
Category : Business & Economics
Languages : en
Pages : 416
Book Description
The goal of Asset-Liability Management (ALM) of a Defined Benefit Pension Scheme (DB) is to properly manage the risks related to variation in its building blocks on both sides of the balance sheet whilst maintaining the same expected return. This book provides a step-by-step methodology to maximize the complete restructuring and monitoring of the ALM of DB schemes. It is a product of the author's 25 years of experience and technical knowledge in ALM of Pension Funds, portfolio management, investment banking and, specifically, more than 700 meetings with investment experts in the Pension Industry. It includes 400 figures and tables to help the reader make appropriate decisions and identify hidden tricks. It provides an in-depth understanding of how an Asset-Liability structure works, how to assess the efficiency of an investment strategy, and how to maximize the management of cash. Liabilities and Liability Driven Investment techniques (LDI) are explained through numerous examples. The book shows the reader how to select the right LDI manager, and how to define a liability hedging strategy and monitor its efficiency. It demonstrates how to build efficient investment portfolios and select the appropriate asset classes, as well as how to build and monitor an efficient risks and performances report. In addition, it shows how the most common financial instruments work, their roles, the basics of statistics, and the principles of portfolio construction. Finally, it provides introduction to Buy-in, Buyout, and Longevity risk management.
Defined-Benefit Pension Schemes in the United Kingdom
Author: Anzela VolkovaThe Role of the State in Pension Provision: Employer, Regulator, Provider
Author: Gerard HughesPublisher: Springer Science & Business Media
ISBN: 9780792384335
Category : Business & Economics
Languages : en
Pages : 186
Book Description
This book deals with the role of the State in pension provision as an employer, regulator and provider. Part I deals with problems and reforms of public sector pension systems in OECD countries. The countries covered are Denmark, Finland, Germany, The Netherlands, Norway, and the USA. Part II considers the regulation of occupational pension schemes in The Netherlands and the United Kingdom, and whether there is still a role for the State in providing earnings-related pensions in the United Kingdom. Part III presents demographic projections for the next half-century, using Ireland as an example, looks at some of the options which have been used in Finland, and proposed in the United States, to cope with population ageing, and examines issues of intergenerational equity which are posed by these options. All the chapters deal with recent reforms. The chapters are written by acknowledged experts in their field who are independent of both the pensions industry and Government. Hence the chapters provide an informed critical account of current developments in relation to the reform of occupational pension schemes in the public sector and of the debate about the State's role as a regulator of private pension schemes and a provider of pensions based on the social insurance principal. The book is important as a source of information about pension schemes in OECD countries. It shows that there is not a unique model of occupational pension provision for public sector employees and that the pension benefits which are provided in different countries are quite variable. It also shows that public sector occupational pension systems have changed and are in the process of considerable further change in a number of OECD countries.
Pension Schemes and Pension Funds in the United Kingdom
Author: David BlakePublisher: Oxford University Press
ISBN: 9780198286233
Category : Business & Economics
Languages : en
Pages : 640
Book Description
Dr Blake provides an up-to-date analysis of the historical development of pensions, the characteristics of current pension schemes, and the investment behaviour and performance of pension funds. He explains how the government has influenced the development of private schemes, and examines thefull range of pension schemes operating in the UK today. Some important public policy issues facing pension schemes are investigated: the demographic time-bomb, the future of tax benefits enjoyed by schemes, the ownership of pension assets and surpluses, and the differential treatment of men and women. The author explores the consequences of pension fundbehaviour and performance for capital markets. Developments taking place in Europe and the US are also examined.
Social Security Pensions
Author: C. GillionPublisher: International Labor Office
ISBN:
Category : Business & Economics
Languages : en
Pages : 808
Book Description
By providing a balanced assessment and factual review of the praticalities and structure behind various pension schemes around the world, this book assists decision-makers in forming effective, viable pension policy.
A History of Public Sector Pensions in the United States
Author: Robert Louis ClarkPublisher: University of Pennsylvania Press
ISBN: 9780812237146
Category : History
Languages : en
Pages : 280
Book Description
From the Wharton School, offering a comprehensive assessment of the political and financial dimensions of public-sector pensions from the colonial period until the emergence of modern retirement plans in the twentieth century.