---

The political economy of pension reforms in times of global crisis: state unilateralism or social dialogue?

Autor: Sarfati, Hedva; Ghellab, Youcef
Año: 2012
Resumen: Analyses the process of pension reform and the role of social dialogue in ten countries, namely: China, France, Greece, Jordan, the Netherlands, Mauritius, Slovenia, Spain, Sweden and Uruguay. It also refers to other relevant country experiences, including those of Australia, Denmark, Finland, the United Kingdom and the United States. Examines the economic and political situation during the pre-crisis period and the subsequent measures, notably fiscal consolidation and explicit pension reforms, implemented in response to the crisis

Fuente: Organización Internacional del Trabajo (OIT)
Clasificación: Reformas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

Para visualizar el documento, clic aquí »

---

Private Pension Systems: Cross-Country Investment Performance

Autor: Musalem, Alberto R.; Pasquini, Ricardo
Año: 2012
Resumen: This study investigates the performance of private pensions systems across countries a topic which has yet to be adequately addressed in the literature. Specifically, this study examines the relationship between pension fund performance (as captured by gross real rates of return and the three year standard deviation of those returns) and the structure of a country's private pension industry and the design of its pension schemes. A database covering 27 countries over the period 1990-2007 was created for this research. The study's key findings include: (i) higher returns are associated with size (systems with more assets under management tend to generate higher returns), type (occupational schemes tend to generate higher returns than do personal pension schemes and closed schemes tend to generate higher returns than do open schemes), and number (systems with multiple funds tend to generate higher returns than those with a single fund); and (ii) lower volatility in pension system returns is associated with older systems, voluntary (rather than mandatory) systems, systems with restrictions on foreign investing, and systems with minimum return guarantees.

Fuente: Banco Mundial
Clasificación: Fondos de Inversión
Tipo de Publicación: Documentos de Trabajo
Idioma:

Para visualizar el documento, clic aquí »

---

Active Ageing

Autor: Comisión Económica de la Organización de las Naciones Unidas para Europa (UNECE)
Año: 2012
Resumen: The way how persons age is determined by a variety of factors: biological pre-conditions, social circumstances, attitudes towards ageing, and life-style. The manner how an individual person ages may contribute to how long a person will live and how fit a person might be in the late period of life. Current policies on ageing may perceive 'old age' as a status rather than the result of a process. Some ageing policies may be aimed at providing services within this status rather than at empowering older persons to live independently. Here, a change of paradigm is needed. In order to gain the ability to remain active, the individual needs to invest in this process throughout the life course. Appropriate societal structures, incentives and awareness-raising would enable persons to live an active life-style as long as possible. Current societal and legal infrastructures may not fully provide those opportunities for active ageing.

Fuente: Organización de las Naciones Unidas (ONU)
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Artículo Académico
Idioma:

Para visualizar el documento, clic aquí »

---

Brazil: Risk-based Supervision of Brazilian Closed Pension Funds

Autor: Banco Mundial
Año: 2012
Resumen: This report provides a comprehensive description of the full process for supporting the new supervisory authority for closed pension funds in Brazil, The National Superintendence for Pension Funds, supervisor of the closed pension fund system in Brazil, or PREVIC, in particular through the development of a revised approach to the risk-based supervision of closed pension funds. This report documents the first-funded World Bank project which, in conjunction with PREVIC, the supervisor of the closed pension fund system in Brazil (established in January 2010), has sought to provide guidance to implement a risk based supervision (RBS) appropriate to Brazilian environment, drawing on international experience. The project ran from January 2010 to March 2012. The key outputs of the project were specified as: i) an assessment of the strengths and weaknesses of the current supervisory benchmarking against best practices in RBS around the world; ii) a roadmap for the implementation of RBS under the circumstances prevailing in the industry; iii) proposals for regulations on selected critical elements for the implementation of RBS framework; and iv) training to supervisors and senior executives of closed pension funds about the main challenges of introducing RBS.

Fuente: Banco Mundial
Clasificación: Regulación y Supervisión
Tipo de Publicación: Informes
Idioma:

Para visualizar el documento, clic aquí »

---

Brazil: Risk-based Supervision of Brazilian Closed Pension Funds

Autor: Banco Mundial
Año: 2012
Resumen: This report provides a comprehensive description of the full process for supporting the new supervisory authority for closed pension funds in Brazil, The National Superintendence for Pension Funds, supervisor of the closed pension fund system in Brazil, or PREVIC, in particular through the development of a revised approach to the risk-based supervision of closed pension funds. This report documents the first-funded World Bank project which, in conjunction with PREVIC, the supervisor of the closed pension fund system in Brazil (established in January 2010), has sought to provide guidance to implement a risk based supervision (RBS) appropriate to Brazilian environment, drawing on international experience. The project ran from January 2010 to March 2012. The key outputs of the project were specified as: i) an assessment of the strengths and weaknesses of the current supervisory benchmarking against best practices in RBS around the world; ii) a roadmap for the implementation of RBS under the circumstances prevailing in the industry; iii) proposals for regulations on selected critical elements for the implementation of RBS framework; and iv) training to supervisors and senior executives of closed pension funds about the main challenges of introducing RBS.

Fuente: Banco Mundial
Clasificación: Regulación y Supervisión
Tipo de Publicación: Informes
Idioma:

Para visualizar el documento, clic aquí »

---