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...

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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

id	okr-10986-19270
recordtype	oai_dc
spelling	okr-10986-192702021-04-23T14:03:42Z On the Governance of Public Pension Fund Management Impavido, Gregorio 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 RISK MANAGEMENT PUBLIC PENSION SYSTEMS GOVERNANCE INVESTMENT RETURNS 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. 2014-08-07T20:24:27Z 2014-08-07T20:24:27Z 2002-08 http://documents.worldbank.org/curated/en/2002/08/2004281/governance-public-pension-fund-management http://hdl.handle.net/10986/19270 English en_US Policy Research Working Paper;No. 2878 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	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 RISK MANAGEMENT PUBLIC PENSION SYSTEMS GOVERNANCE INVESTMENT RETURNS
spellingShingle	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 RISK MANAGEMENT PUBLIC PENSION SYSTEMS GOVERNANCE INVESTMENT RETURNS Impavido, Gregorio On the Governance of Public Pension Fund Management
relation	Policy Research Working Paper;No. 2878
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Impavido, Gregorio
author_facet	Impavido, Gregorio
author_sort	Impavido, Gregorio
title	On the Governance of Public Pension Fund Management
title_short	On the Governance of Public Pension Fund Management
title_full	On the Governance of Public Pension Fund Management
title_fullStr	On the Governance of Public Pension Fund Management
title_full_unstemmed	On the Governance of Public Pension Fund Management
title_sort	on the governance of public pension fund management
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2002/08/2004281/governance-public-pension-fund-management http://hdl.handle.net/10986/19270
_version_	1764439642616102912

On the Governance of Public Pension Fund Management

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