Archive
2017 60 61 62 63 64  
2016 54 55 56 57 58 59
2015 48 49 50 51 52 53
2014 42 43 44 45 46 47
2013 36 37 38 39 40 41
2012 30 31 32 33 34 35
2011 26 27 28 29    
2010 22 23 24 25    
2009 18 19 20 21    
2008 14 15 16 17    
News
Submit your article
Newsletter


Issue № 62. June 2017

Risk Management in Retirement Savings Investment

Daria M. Romanova

Graduate student, School of Public Administration, Lomonosov Moscow State University, Moscow, Russian Federation.
E-mail: romanova.darya@mail.ru

Funded pension system is associated with considerable risks that governmental regulation strives to limit through prudential supervision, prudent person rule standards, risk-based supervision, guarantees, and restrictions on fees. This study seeks to determine pension risk management capabilities of each of these widely used approaches, or in other words, their ability to ensure that individuals are provided with an adequate retirement income. One of the major flaws of traditional approaches is their focus on the short-term delivery of investment returns instead of the long-term generation of pension income. It is thus suggested that governmental regulation is to be enhanced by improving investment regulatory framework based on the strategic asset allocation and implementation of lifecycle investment strategies.

Keywords

Risks of pension funds, funded pension system, defined contribution pension scheme, pension fund risk-management, risk-based supervision, pension risk, regulation of the pension industry.

Comments:
No material published in this journal may be reproduced in print or in electronic form without a link to "E-journal. Public Administrarion".
119991, Room A-710, Shuvalovskiy building, Lomonosov Moscow State University
(27/4, Lomonosovskiy Avenue); phone: +7 (495) 930-85-71
Copyright © 2015 SPA MSU


Яндекс.Метрика