Second Pillars : Provider and Product Selection for Funded Individual Accounts
There are many ways to structure mandatory private pension funds that rely on individual accounts. As in any market there are products and firms that provide them. Both are typically circumscribed by the government for public policy reasons. Releva...
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| Format: | Brief |
| Language: | English |
| Published: |
Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/01/6255667/second-pillars-provider-product-selection-funded-individual-accounts http://hdl.handle.net/10986/11236 |
| Summary: | There are many ways to structure
mandatory private pension funds that rely on individual
accounts. As in any market there are products and firms that
provide them. Both are typically circumscribed by the
government for public policy reasons. Relevant legislation
will specify the agent responsible for making key choices as
to who manages the money and where it is invested. As
discussed below, the focus of decision-making in funded
schemes varies widely with potentially important
implications for the performance of the scheme. In the
context of mandated private pensions, this note looks at
what investment and withdrawal products can be offered, who
can offer them, and who chooses from among the alternatives
available in this market. |
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