Governance and investment of sovereign and public pension reserve funds in selected OECD countries:
Many countries around the world are partly prefunding their otherwise pay-as-you-go (PAYG) financed social security systems by establishing or further developing existing public pension reserve funds (PPRFs). Most OECD countries have put in place internal and external governance mechanisms and inves...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch Buchkapitel |
Sprache: | English |
Veröffentlicht: |
Paris
OECD Publishing
2008
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Schlagworte: | |
Online-Zugang: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 Volltext |
Zusammenfassung: | Many countries around the world are partly prefunding their otherwise pay-as-you-go (PAYG) financed social security systems by establishing or further developing existing public pension reserve funds (PPRFs). Most OECD countries have put in place internal and external governance mechanisms and investment controls to ensure the sound management of these funds and better isolate them from undue political influence. These structures and mechanisms are in line with OECD standards of good pension fund governance and investment management. In particular, the requirements of accountability, suitability and transparency are broadly met by these reserve funds. However, some specific details of the funds' governance and investment management could be improved in a few countries, such as enhancing the expertise in the funds' governing boards and constraining discretionary interventions by government. Such reforms will ultimately raise the long-term investment performance of the funds and the solvency of social security systems |
Beschreibung: | 1 Online-Ressource (29 Seiten) |
DOI: | 10.1787/fmt-v2008-art6-en |
Internformat
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Datensatz im Suchindex
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author | Yermo, Juan |
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doi_str_mv | 10.1787/fmt-v2008-art6-en |
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language | English |
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spelling | Yermo, Juan Verfasser aut Governance and investment of sovereign and public pension reserve funds in selected OECD countries Juan Yermo Paris OECD Publishing 2008 1 Online-Ressource (29 Seiten) txt rdacontent c rdamedia cr rdacarrier Many countries around the world are partly prefunding their otherwise pay-as-you-go (PAYG) financed social security systems by establishing or further developing existing public pension reserve funds (PPRFs). Most OECD countries have put in place internal and external governance mechanisms and investment controls to ensure the sound management of these funds and better isolate them from undue political influence. These structures and mechanisms are in line with OECD standards of good pension fund governance and investment management. In particular, the requirements of accountability, suitability and transparency are broadly met by these reserve funds. However, some specific details of the funds' governance and investment management could be improved in a few countries, such as enhancing the expertise in the funds' governing boards and constraining discretionary interventions by government. Such reforms will ultimately raise the long-term investment performance of the funds and the solvency of social security systems Finance and Investment https://doi.org/10.1787/fmt-v2008-art6-en Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Yermo, Juan Governance and investment of sovereign and public pension reserve funds in selected OECD countries Finance and Investment |
title | Governance and investment of sovereign and public pension reserve funds in selected OECD countries |
title_auth | Governance and investment of sovereign and public pension reserve funds in selected OECD countries |
title_exact_search | Governance and investment of sovereign and public pension reserve funds in selected OECD countries |
title_exact_search_txtP | Governance and investment of sovereign and public pension reserve funds in selected OECD countries |
title_full | Governance and investment of sovereign and public pension reserve funds in selected OECD countries Juan Yermo |
title_fullStr | Governance and investment of sovereign and public pension reserve funds in selected OECD countries Juan Yermo |
title_full_unstemmed | Governance and investment of sovereign and public pension reserve funds in selected OECD countries Juan Yermo |
title_short | Governance and investment of sovereign and public pension reserve funds in selected OECD countries |
title_sort | governance and investment of sovereign and public pension reserve funds in selected oecd countries |
topic | Finance and Investment |
topic_facet | Finance and Investment |
url | https://doi.org/10.1787/fmt-v2008-art6-en |
work_keys_str_mv | AT yermojuan governanceandinvestmentofsovereignandpublicpensionreservefundsinselectedoecdcountries |