On the Governance of Public Pension Fund Management

The author surveys the empirical literature on the relationship between governance of public pension fund management and investment performance. He makes a preliminary attempt to identify good governance practices and distill governance guidelines...

Full description

Bibliographic Details
Main Author:	Impavido, Gregorio
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE COSTS ALLOCATION OF RESPONSIBILITIES ANNUAL RETURN ASSET DIVERSIFICATION ASSET MANAGEMENT AUTHORITY BALANCE OF PAYMENTS BUDGET SURPLUS CAPITA INCOME CENTRAL BANK COMMERCIAL BANKS CONSTITUENCY DEBT DEVELOPED COUNTRIES DISCLOSURE ECONOMIC DEVELOPMENT EXTERNAL ASSET MANAGERS FEDERAL GOVERNMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STABILITY FINANCIAL VIABILITY FISCAL FISCAL DISCIPLINE FOREIGN ASSETS FOREIGN INVESTMENT FOREIGN RESERVES FUNDED SCHEMES GOOD GOVERNANCE GOVERNANCE INDICATORS GOVERNMENT REPRESENTATIVES GOVERNMENT SECTOR GOVERNMENT SECURITIES HOUSING INFLATION INFORMATION DISCLOSURE INSOLVENT INSURANCE INSURANCE COMPANIES INSURANCE PREMIUMS INVESTMENT MANAGEMENT INVESTMENT PERFORMANCE INVESTMENT RETURNS INVESTMENT RISK LABOR FORCE LABOR UNIONS LEGISLATION LEGISLATIVE BODIES LIQUID ASSETS LOCAL GOVERNMENTS LONGEVITY RISK MANDATES MINISTERS MINISTRY OF FINANCE MORTGAGE LOANS MUTUAL FUNDS NATIONS OIL PENALTIES PENSION DEBT PENSION FUND PENSION FUND INVESTMENT PENSION FUND MANAGEMENT PENSION FUND MANAGERS PENSION FUNDS PENSION OBLIGATIONS PENSION PLAN PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONS POLITICAL INTERFERENCE POLITICAL POWER POLITICAL RISK POLITICIANS POOR GOVERNANCE PRESIDENTS PRIVATE PENSION PRIVATE PENSION FUNDS PUBLIC AGENCIES PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FUNDS PUBLIC GOODS PUBLIC POLICIES PUBLIC SCHEMES PUBLIC SERVICE REPRESENTATIVES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT PLANS RETURN ON ASSETS RISK MANAGEMENT SAVINGS SAVINGS ACCOUNTS SECURITIES SOCIAL POLICY SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTIONS STATE GOVERNMENT TAX AUTHORITIES UNEMPLOYMENT PUBLIC PENSION SYSTEMS PENSION FUNDS ADMINISTRATION POLITICAL RISKS PUBLIC PENSION SYSTEMS GOVERNANCE
Online Access:	http://documents.worldbank.org/curated/en/2002/08/2004281/governance-public-pension-fund-management http://hdl.handle.net/10986/19270

Description
Summary:	The author surveys the empirical literature on the relationship between governance of public pension fund management and investment performance. He makes a preliminary attempt to identify good governance practices and distill governance guidelines aimed at reducing the political risk that is associated with central, public pension fund management. The author highlights the need for further work to support the development of a satisfactory set of governance guidelines.

On the Governance of Public Pension Fund Management

Similar Items