Interests at Stake in the Investment of Pension Funds
Author | : Victor L. Andrews |
Publisher | : |
Total Pages | : 6 |
Release | : 1959 |
Genre | : |
ISBN | : |
Download Interests at Stake in the Investment of Pension Funds Book in PDF, ePub and Kindle
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Interests At Stake In The Investment Of Pension Funds PDF full book. Access full book title Interests At Stake In The Investment Of Pension Funds.
Author | : Victor L. Andrews |
Publisher | : |
Total Pages | : 6 |
Release | : 1959 |
Genre | : |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1959 |
Genre | : Investments |
ISBN | : |
Author | : Keith P. Ambachtsheer |
Publisher | : John Wiley & Sons |
Total Pages | : 264 |
Release | : 1998-04-23 |
Genre | : Business & Economics |
ISBN | : 9780471246558 |
Neue Ideen für mehr Erfolg! Alles, was ein Manager über Rentenfonds wissen muß - die Zusammenstellung effektiver Fonds, ihr Management, die optimale Wertsteigerung - wird hier anhand in- und ausländischer Fallbeispiele eingängig erklärt. Nutzerfreundlich werden die wichtigsten Schritte in Übersichten zusammengestellt. Verschiedene moderne Ansätze zum Rentenfondsmanagement werden kritisch bewertet.
Author | : Zvi Bodie |
Publisher | : University of Chicago Press |
Total Pages | : 466 |
Release | : 2008-04-15 |
Genre | : Business & Economics |
ISBN | : 0226062899 |
This book provides valuable information and analysis to managers, policymakers, and investment counselors in the rapidly expanding field of pension funding. American workers, too, need answers and insights on how to invest their money and plan for their retirement. fifteen of America's leading financial analysts address such pressing questions as -What is the current financial status of the elderly, and how vulnerable are they to inflation? -What is the impact of inflation on the private pension system, and what are the effects of alternative indexing schemes? -What roles can the social security system play in the provision of retirement income? -What is the effect of the tax code and the Employee Retirement Income Security Act of 1974 (ERISA) on corporate pension policy? -How well funded are corporate pension plans, and is a firm's unfunded pension liability fully reflected in the market value of its common stock? Many of the conclusions these experts reach contradict and challenge popular views, thus providing fertile ground for innovation in pension planning.
Author | : August J. Baker |
Publisher | : Oxford University Press |
Total Pages | : 366 |
Release | : 2004-10-28 |
Genre | : Business & Economics |
ISBN | : 0198037120 |
As the U.S. Population ages, retirement is becoming an increasingly important life stage. Pension and retirement plans are crucial to the financial well-being of older citizens and key determinants of their standard of living. Many varieties of pension plans are currently offered, and employers have an interest in these plans because a good pension plan can help an employer attract, retain, and motivate a competent workforce. In some cases, the employer's financial health can depend significantly on the financial health of its pension plan. When employers make decisions regarding pension and retirement plans, they are making decisions that have high stakes for both their employees and the employer itself. Poor decisions can lead to intense scrutiny, sometimes by the media or in the courtroom. Good pension decision making can provide a secure future for the employer and its employees. Managing Pension and Retirement Plans: A Guide for Employers, Administrators and Other Fiduciaries covers the essential financial issues surrounding pension plans. It discusses investment policy and strategy, performance measurement, fiduciary responsibilities, and labor market issues, among other topics. Anyone responsible for any aspect of pension plan management will profit from reading this book.
Author | : Ronald B. (Ronald Book) Davis |
Publisher | : National Library of Canada = Bibliothèque nationale du Canada |
Total Pages | : 680 |
Release | : 2004 |
Genre | : Corporate governance |
ISBN | : 9780612916265 |
Pension funds in North America and the United Kingdom are substantial shareholders in corporations. For the most part, these shares are the result of the investment of pension plan contributions made by or on behalf of the sponsoring employer's employees. As substantial shareholders, pension funds have the ability to exercise voting and other rights attached to their shares to influence or control certain corporate decisions. Collectively, pension funds often have legal or de facto voting control of the corporation. My thesis is that the corporate governance decisions of pension funds ought to be made by the beneficiaries of those funds and/or their directly elected representatives because the beneficiaries' interests are not being served by the present decision-making structure. The present structure rests these decisions in the hands of the employer's management or those answerable directly to that management. The investment and corporate governance decisions of pension fund managers affect the interests of the beneficiaries through their impact on their future retirement security and the social, economic and political environment in which they will live. Thus, the grant of this power to pension fund managers by widely dispersed beneficiaries raises issues of legitimacy and the legitimate use of this power, and in particular, how the interests of the beneficiaries and the society in which they live are defined and taken account of in the decision-making process. My claim is that the present system fails to adequately define these interests and take them into account because it does not provide appropriate mechanisms of accountability to the beneficiaries. Both normative and prudential grounds are offered for my thesis. The normative grounds are rooted in the collectivization of property in the pension fund allowing beneficiaries to democratically determine the process by which their bonds with the community will be defined and agreed on in the context of corporate policy. The prudential grounds combine two factors: first, fund managers' conflicts of interest where corporate governance activity critical of corporate management is involved; second, the increasingly contested connections between long-term shareholder interests or the fundamental value of a corporation and share prices in securities markets. These factors provide justification for treating a pension fund's corporate governance policies as matters for democratic determination by the beneficiaries, rather than as matters of managerial expertise, especially since that expertise can also be provided as advice. After reviewing the implications of the thesis for pension and trust law, corporation law and securities regulation, the thesis presents a number of recommendations for changes in the law in order to empower pension plan beneficiaries with respect to the corporate governance policy of their pension fund.
Author | : Peter F. Drucker |
Publisher | : Transaction Publishers |
Total Pages | : 245 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : 1560006269 |
In The Pension Fund Revolution, originally published nearly two decades ago under the title The Unseen Revolution, Peter F. Drucker reports that institutional investors, especially pension funds, have become the controlling owners of America's large companies, the country's only capitalists. He maintains that the shift began in 1952 with the establishment of the first modern pension fund by General Motors. By 1960 it had become so obvious that a group of young men decided to found a stock-exchange firm catering exclusively to these new investors. Ten years later this firm (Donaldson, Lufkin & Jenrette) became the most successful, and one of the biggest, Wall Street firms. Drucker's argument, that through pension funds ownership of the means of production had become socialized without becoming nationalized, was unacceptable to the conventional wisdom of the country in the 1970s. Among the predictions made by Drucker in The Pension Fund Revolution are: that a major health care issue would be longevity; that pensions and social security would be central to American economy and society; that the retirement age would have to be extended; and that altogether American politics would increasingly be dominated by middle-class issues and the values of elderly people. While readers of the original edition found these conclusions hard to accept, Drucker's work has proven to be prescient. In the new epilogue, Drucker discusses how the increasing dominance of pension funds represents one of the most startling power shifts in economic history, and he examines their present-day impact.
Author | : Michael Kieschnick |
Publisher | : |
Total Pages | : 34 |
Release | : 1979 |
Genre | : Civil service |
ISBN | : |
Author | : New York (State). Governor's Task Force on Pension Fund Investment |
Publisher | : |
Total Pages | : 84 |
Release | : 1989 |
Genre | : Pension trusts |
ISBN | : |
Author | : Michael Orszag, John Evans, John Piggott |
Publisher | : Edward Elgar Publishing |
Total Pages | : 284 |
Release | : 2008-06-30 |
Genre | : Business & Economics |
ISBN | : 1781007667 |
'This collection of essays on a rapidly developing topic is a valuable addition to the field and the editors must be congratulated on beginning to bring the area to the attention of thinkers and government (not necessarily the same thing), who are charged with dealing with the challenge of controlling private pension provision.' - Robin Ellison, Pensions