Author : Pulle Subrahmanya Srinivas
Release : 1999-01-01
Genre : Business & Economics
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Book Rating : 880/5 ( reviews)

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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.