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Management of Pension Funds: the Case of Portugal

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  • Maria Teresa Medeiros Garcia

Abstract

The concern with the long term viability of most of existing government-operated pension systems, due to demographic changes, have led to various proposals for pensions reform, many of which have already been put into action. However, pension reform remains a highly controversial issue due to its complexity. This article brings attention to the management performance issue concerning funded systems. Detailed evidence and discussion is given to both investment performance results of public pension reserve funds, within the Social Security system, and to private pension funds in Portugal. Policy implications are also analysed and discussed.

Suggested Citation

  • Maria Teresa Medeiros Garcia, 2014. "Management of Pension Funds: the Case of Portugal," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 4(4), pages 792-792.
    • Handle: RePEc:ers:ijfirm:v:4:y:2014:i:4:p:792
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    References listed on IDEAS

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