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 |
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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 |
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okr-10986-112362021-04-23T14:02:54Z Second Pillars : Provider and Product Selection for Funded Individual Accounts World Bank ACCUMULATION PERIOD ADMINISTRATIVE COSTS AFFILIATE AGENCY PROBLEMS AGENTS ANNUITIES ANNUITY ANNUITY MARKETS ANNUITY PROVIDERS ASSET MANAGEMENT ASSET MANAGER ASSET MANAGERS BARGAINING POWER BENEFICIARIES BIDDING PROCESS BONDS COMMISSIONS CONSUMERS COVERAGE FINANCIAL MARKETS FUNDED SCHEMES GOVERNMENT INTERVENTION GOVERNMENT REGULATION GUARANTEED RATE HUMAN DEVELOPMENT INDIVIDUAL ACCOUNT SYSTEMS INDIVIDUAL ACCOUNTS INFLATION INFORMATION COSTS INSURANCE COMPANIES INSURANCE COMPANY INTEREST RATE INVESTMENT CHOICES INVESTMENT OPTIONS JOINT ANNUITY LEGISLATION LEVEL PLAYING FIELD LIFE INSURANCE LIFE INSURANCE COMPANIES LOCAL FINANCIAL INSTITUTIONS LONGEVITY INSURANCE LUMP SUM WITHDRAWALS MARKET ENTRY MORAL HAZARD MULTIPILLAR PENSION SCHEMES MUTUAL FUND MUTUAL FUNDS PENSION PLAN PENSION REFORM PENSIONS PERSONAL PENSIONS PORTFOLIO PORTFOLIO CHOICE PRIVATE MANAGEMENT PRIVATE PENSION PRIVATE PENSION FUNDS PROVIDENT FUNDS PUBLIC POLICY REPLACEMENT RATES RETAIL MARKET RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT SAVINGS SOCIAL PROTECTION SOCIAL SECURITY TRADEOFFS TRUSTS VOLUNTARY PENSIONS WILLINGNESS TO PAY 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. 2012-08-13T14:31:24Z 2012-08-13T14:31:24Z 2005-01 http://documents.worldbank.org/curated/en/2005/01/6255667/second-pillars-provider-product-selection-funded-individual-accounts http://hdl.handle.net/10986/11236 English World Bank Pension Reform Primer Series CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCUMULATION PERIOD ADMINISTRATIVE COSTS AFFILIATE AGENCY PROBLEMS AGENTS ANNUITIES ANNUITY ANNUITY MARKETS ANNUITY PROVIDERS ASSET MANAGEMENT ASSET MANAGER ASSET MANAGERS BARGAINING POWER BENEFICIARIES BIDDING PROCESS BONDS COMMISSIONS CONSUMERS COVERAGE FINANCIAL MARKETS FUNDED SCHEMES GOVERNMENT INTERVENTION GOVERNMENT REGULATION GUARANTEED RATE HUMAN DEVELOPMENT INDIVIDUAL ACCOUNT SYSTEMS INDIVIDUAL ACCOUNTS INFLATION INFORMATION COSTS INSURANCE COMPANIES INSURANCE COMPANY INTEREST RATE INVESTMENT CHOICES INVESTMENT OPTIONS JOINT ANNUITY LEGISLATION LEVEL PLAYING FIELD LIFE INSURANCE LIFE INSURANCE COMPANIES LOCAL FINANCIAL INSTITUTIONS LONGEVITY INSURANCE LUMP SUM WITHDRAWALS MARKET ENTRY MORAL HAZARD MULTIPILLAR PENSION SCHEMES MUTUAL FUND MUTUAL FUNDS PENSION PLAN PENSION REFORM PENSIONS PERSONAL PENSIONS PORTFOLIO PORTFOLIO CHOICE PRIVATE MANAGEMENT PRIVATE PENSION PRIVATE PENSION FUNDS PROVIDENT FUNDS PUBLIC POLICY REPLACEMENT RATES RETAIL MARKET RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT SAVINGS SOCIAL PROTECTION SOCIAL SECURITY TRADEOFFS TRUSTS VOLUNTARY PENSIONS WILLINGNESS TO PAY |
| spellingShingle |
ACCUMULATION PERIOD ADMINISTRATIVE COSTS AFFILIATE AGENCY PROBLEMS AGENTS ANNUITIES ANNUITY ANNUITY MARKETS ANNUITY PROVIDERS ASSET MANAGEMENT ASSET MANAGER ASSET MANAGERS BARGAINING POWER BENEFICIARIES BIDDING PROCESS BONDS COMMISSIONS CONSUMERS COVERAGE FINANCIAL MARKETS FUNDED SCHEMES GOVERNMENT INTERVENTION GOVERNMENT REGULATION GUARANTEED RATE HUMAN DEVELOPMENT INDIVIDUAL ACCOUNT SYSTEMS INDIVIDUAL ACCOUNTS INFLATION INFORMATION COSTS INSURANCE COMPANIES INSURANCE COMPANY INTEREST RATE INVESTMENT CHOICES INVESTMENT OPTIONS JOINT ANNUITY LEGISLATION LEVEL PLAYING FIELD LIFE INSURANCE LIFE INSURANCE COMPANIES LOCAL FINANCIAL INSTITUTIONS LONGEVITY INSURANCE LUMP SUM WITHDRAWALS MARKET ENTRY MORAL HAZARD MULTIPILLAR PENSION SCHEMES MUTUAL FUND MUTUAL FUNDS PENSION PLAN PENSION REFORM PENSIONS PERSONAL PENSIONS PORTFOLIO PORTFOLIO CHOICE PRIVATE MANAGEMENT PRIVATE PENSION PRIVATE PENSION FUNDS PROVIDENT FUNDS PUBLIC POLICY REPLACEMENT RATES RETAIL MARKET RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT SAVINGS SOCIAL PROTECTION SOCIAL SECURITY TRADEOFFS TRUSTS VOLUNTARY PENSIONS WILLINGNESS TO PAY World Bank Second Pillars : Provider and Product Selection for Funded Individual Accounts |
| relation |
World Bank Pension Reform Primer Series |
| description |
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. |
| format |
Publications & Research :: Brief |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Second Pillars : Provider and Product Selection for Funded Individual Accounts |
| title_short |
Second Pillars : Provider and Product Selection for Funded Individual Accounts |
| title_full |
Second Pillars : Provider and Product Selection for Funded Individual Accounts |
| title_fullStr |
Second Pillars : Provider and Product Selection for Funded Individual Accounts |
| title_full_unstemmed |
Second Pillars : Provider and Product Selection for Funded Individual Accounts |
| title_sort |
second pillars : provider and product selection for funded individual accounts |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/01/6255667/second-pillars-provider-product-selection-funded-individual-accounts http://hdl.handle.net/10986/11236 |
| _version_ |
1764416011303387136 |