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The asset management of privately pension fund managed in crisis conditions

Author

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  • Negru, Titel

    (Universitatea Spiru Haret, Facultatea de Finante si Banci)

Abstract

The investment of pension assets is one of the core functions performed by private pension arrangements. In order to promote both the performance and the financial security of pension plan benefits, it is critical that this function is implemented and managed responsibly. Policymakers have therefore a key role to ensure that regulations encourage prudent management of pension fund assets so as to meet the retirement income objectives of the pension plan. The investment function varies depending on the type of pension plan. In the case of defined benefit plans, the goal of the investment function is to generate the highest possible returns consistent with the liabilities and liquidity needs of the pension plan, and in light of the risk tolerances of affected parties. In a defined contribution plan, the main goal of the investment function is to generate gains that accrue to individual member account balances in light of her investment goals

Suggested Citation

  • Negru, Titel, 2009. "The asset management of privately pension fund managed in crisis conditions," Papers 2009/31, Osterreichish-Rumanischer Akademischer Verein.
    • Handle: RePEc:ris:sphedp:2009_031
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    More about this item

    Keywords

    individual account; unit responsible; voluntary pension; money market; capital markets; currency market; market derivative financial instruments; market risk; specific risc; interest rate risk; foreign exchange risk; credit risc; pension fund assets managed private; personal assets; total net assets; share daily fund; administration commission; commission storage; commission trading; banking commission; prospectuses private pension scheme; the rate of return of the fund; daily yield of a fund;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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