Investments policies analysis of the brazilian pension funds - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Investments policies analysis of the brazilian pension funds write by . This book was released on 2003. Investments policies analysis of the brazilian pension funds available in PDF, EPUB and Kindle. Os fundos de pensão são mundialmente conhecidos pelos efeitos sociais que provocam ao pagar aposentadorias dignas e também ao investir a poupança previdenciária que acumulam. Afinal, benefícios previdenciários justos evitam aexclusão do inativo, tanto do convívio social como do mercado consumidor. Paralelamente, o investimento dos recursos na economia eleva o nível de produção; é fonte estável de financiamento das atividades produtivas; faz crescer o nível de emprego e aumenta a arrecadação de tributos. Portanto, é fundamental que os fundos de pensão busquem cada vez mais a implementação de técnicasmodernas e eficientes para a administração de seus ativos e passivos, ajustando as suas políticas de investimentos de recursos aos tempos atuais e futuros. Este trabalho tem como objetivo contribuir para a criação de um sistema racional e adequado de gestão de investimentos, através da análise das principais diretrizes pertinentes à aplicação de recursos que são adotadas por essas entidades. Temcomo objeto de estudo as políticas de investimentos de 55 fundos de pensão brasileiros. Os dados foram analisados à luz da legislação de investimentos do setor e do referencial teórico construído. Os resultados da pesquisa evidenciam a necessidade de reformulação da legislação de investimentos do setor, assim como de criação de um modelo mais eficiente, com mecanismos mais rígidos e competentes de fiscalização e acompanhamento dessa indústria.
Pension Funds and the Financing Productive Investment
Pension Funds and the Financing Productive Investment - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Pension Funds and the Financing Productive Investment write by Rogério Studart. This book was released on 2000. Pension Funds and the Financing Productive Investment available in PDF, EPUB and Kindle. This paper analyses the recent development of pension funds in Brazil. It assesses the potential of pension funds to finance productive investment and discusses policies that could maximise this potential. The paper concludes that the effectiveness of pension funds to fund productive investment is dependent on: the macroeconomic environment; the degree of volatility of asset prices; market organisation and regulation and the existence of appropriate institutions to mediate between institutional investors and primary corporate securities markets.
The effects of investment regulations on pension funds performance in Brazil
The effects of investment regulations on pension funds performance in Brazil - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The effects of investment regulations on pension funds performance in Brazil write by Michel Martins de Morais. This book was released on 2020-08-19. The effects of investment regulations on pension funds performance in Brazil available in PDF, EPUB and Kindle. Challenges faced by pension funds today include steady increases in life expectancy, frequent changes in the accounting rules, low interest rates and poor equity market returns. It is possible to tackle the difficulties encountered by pension funds not only by raising contributions and/or reducing benefits, but also by improving the way in which pension funds invest. In spite of some changes in the past few years, Brazilian pension funds investment management remains subject to strict constraints. The findings of this study, carried out in 2007, suggest that, even though the results of conducted tests deny, to some extent, the need for further adjustments in investment regulations, concluding this way would not be accurate. There are, in fact, strong reasons to believe that the high interest rates environment experienced over the last years contaminated these results. Furthermore, with a clear downward trend in interest rates, it is possible to imply that, if nothing is done, pension funds will lack flexibility when they need it the most.
Do Investment Regulations Compromise Pension Fund Performance?
Do Investment Regulations Compromise Pension Fund Performance? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Do Investment Regulations Compromise Pension Fund Performance? write by Pulle Subrahmanya Srinivas. This book was released on 1999-01-01. Do Investment Regulations Compromise Pension Fund Performance? available in PDF, EPUB and Kindle. " "Draconian" regulations have created distortions in asset management, limited opportunities for diversification, and, as a consequence have hampered, the performance of pension funds." This volume shows that the return to retirement assets, expected replacement rates, and, hence, the net welfare gain from pension reform is lower under a draconian regulatory framework than under a more liberal pension fund investment regime. Important policy conclusions of the paper are that existing regulatory regimes should be liberalized as soon as possible to allow pension fund investments in a wider array of financial instruments and that regulations should require evaluation of pension fund performance against market benchmarks as opposed to exclusive focus on comparisons with industry averages. The paper also suggests a review of the current structure of the private pension fund industry in Latin America and an evaluation against alternatives in the light of actual performance experience.
Private Pensions Series Private Pension Systems and Policy Issues
Private Pensions Series Private Pension Systems and Policy Issues - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Private Pensions Series Private Pension Systems and Policy Issues write by OECD. This book was released on 2000-03-30. Private Pensions Series Private Pension Systems and Policy Issues available in PDF, EPUB and Kindle. This book provides an overview of recent developments in the private pension systems of four OECD countries (Hungary, Mexico, the United Kingdom and the United States) as well as an analysis of institutional investors in Latin America.
