Pension Risk and Risk-Based Supervision in Defined Contribution Pension Funds

Defined contribution pension systems have faced criticism in the wake of the financial and economic crisis for not delivering adequate and sustainable pension incomes at retirement. Much of the problem has centered around the misalignment of pensio...

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Bibliographic Details
Main Authors:	Randle, Tony, Rudolph, Heinz P.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO CAPITAL ACCOUNTING ANNUAL RETURNS APR ASSET ALLOCATION ASSET CLASS ASSET MANAGEMENT ASSET MANAGERS AVERAGE INTEREST AVERAGE INTEREST RATE BANK DEPOSITS BANK POLICY BANKING INDUSTRY BANKS BASIC PENSION BASIS POINTS BOND RATES BONDS BOOK ENTRY CAPITAL ADEQUACY CAPITAL MARKET CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL DEPOSITORY CONSERVATIVE INVESTMENT CONTRIBUTION CONTRIBUTION RATE CONTRIBUTION SCHEMES CONTRIBUTION SYSTEMS CONTRIBUTIONS CORPORATE GOVERNANCE CREDITORS CUSTODIAN BANK DEFINED BENEFIT PENSION DEFINED CONTRIBUTION PENSION DEPOSIT DERIVATIVE DERIVATIVE INSTRUMENTS DERIVATIVE PRODUCTS DERIVATIVES EARNINGS ELIGIBLE INSTRUMENTS EMERGING ECONOMIES EMERGING MARKETS EQUITIES EQUITY INSTRUMENTS EQUITY MARKETS FINANCIAL EDUCATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL LITERACY FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL STATEMENTS FIXED INCOME FIXED INCOME PORTFOLIO FRAUD FUND MANAGEMENT FUND MANAGERS FUTURE VALUE GLOBAL CAPITAL GLOBAL CAPITAL MARKETS GOVERNMENT BOND GOVERNMENT BONDS GOVERNMENT GUARANTEES GOVERNMENT SECURITIES HOLDING INCOME INSTRUMENTS INFLATION INFLATION LINKED BONDS INFLATION RATE INFORMATION SYSTEMS INSURANCE INSURANCE COMPANIES INSURANCE PRODUCTS INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNAL AUDITS INTERNATIONAL BANK INVESTING INVESTMENT ALTERNATIVES INVESTMENT COMPANIES INVESTMENT COMPANY INVESTMENT DECISIONS INVESTMENT GUIDELINES INVESTMENT MANAGEMENT INVESTMENT PERFORMANCE INVESTMENT POLICIES INVESTMENT PROCESS INVESTMENT REGULATION INVESTMENT REGULATIONS INVESTMENT RESTRICTIONS INVESTMENT RETURNS INVESTMENT RISK INVESTMENT RISKS INVESTMENT STRATEGIES INVESTMENT STRATEGY LABOR FORCE LARGE COMPANIES LEGAL FRAMEWORK LEVEL OF CONTRIBUTIONS LIQUID ASSETS LIQUIDITY LIQUIDITY RISK LONG-TERM GOAL LONG-TERM INVESTORS MANDATORY PENSION FUNDS MARGIN REQUIREMENTS MARK-TO-MARKET MARKET DISCIPLINE MARKET FAILURE MARKET FAILURES MARKET OVERSIGHT MARKET PARTICIPANTS MARKET PRACTICES MARKET RISK MARKET SURVEILLANCE MATURITIES MATURITY MINIMUM CAPITAL REQUIREMENT MONETARY POLICY MONIES MUTUAL FUNDS NOMINAL YIELD PENSION PENSION ASSET PENSION ASSETS PENSION AT RETIREMENT PENSION BENEFITS PENSION FUND PENSION FUND ASSETS PENSION FUNDS PENSION INCOME PENSION INCOMES PENSION INVESTMENT PENSION PLAN PENSION PLANS PENSION PROVIDERS PENSION REFORMS PENSION SCHEMES PENSION SECTOR PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS PERFORMANCE MEASUREMENT PORTFOLIO PORTFOLIO ALLOCATION PORTFOLIO ALLOCATIONS PORTFOLIO CHOICE PORTFOLIO PERFORMANCE PORTFOLIOS PORTFOLIOS OF PENSION FUNDS PRIVATE PENSION PRIVATE PENSION FUND PROBABILITY PROTECTION OF INVESTORS PRUDENTIAL REGULATION PRUDENTIAL STANDARD RATE OF INFLATION RATE OF RETURN RATES OF RETURN RATES OF RETURNS REGULATORY AUTHORITY REGULATORY FRAMEWORK REINVESTMENT REINVESTMENT RISK REPLACEMENT RATE REPLACEMENT RATES RESEARCH ASSISTANCE RESERVE RESERVE REQUIREMENT RESERVE REQUIREMENTS RESERVES RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETURN RETURNS RISK ASSESSMENT RISK BEHAVIOR RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PROFILE RISK PROFILES SECURE PENSIONS SECURITIES TRANSACTIONS SENIOR SETTLEMENT SHAREHOLDER SHAREHOLDERS SHORT-TERM INTEREST RATES SOLVENCY STOCK MARKET SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY TERM DEPOSITS TRADING TRANSPARENCY TREASURY TREASURY RATES TRUSTEES TYPES OF INVESTMENTS TYPES OF PENSION USE OF DERIVATIVES VALUABLE VALUATION VALUATIONS VALUE OF CONTRIBUTIONS VALUE OF PENSIONS WAGE YIELD CURVE YIELD CURVES
Online Access:	http://documents.worldbank.org/curated/en/2014/03/19288694/pension-risk-risk-based-supervision-defined-contribution-pension-funds http://hdl.handle.net/10986/18355

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http://documents.worldbank.org/curated/en/2014/03/19288694/pension-risk-risk-based-supervision-defined-contribution-pension-funds
http://hdl.handle.net/10986/18355

Pension Risk and Risk-Based Supervision in Defined Contribution Pension Funds

Internet

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