Development of Privately Managed Pension Funds in the Context of Pension Reform

Liliana Ivănuş, Claudia Isac and Ilie Răscolean
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Liliana Ivănuş: University of Petroşani, Romania
Claudia Isac: University of Petroşani, Romania
Ilie Răscolean: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2009, vol. 9, issue 2, 67-72

Abstract: The development of privately managed funded pension provision reflects some trends in societies, like for instance richer societies which might favour more responsibility and choice for individuals, or the expectation that diversifying risks through funded pension might achieve higher returns than GDP growth, while it also means inevitably higher risks. With the development of privately managed funded pensions, the question of the sharing and regulation of risks becomes relevant due to the fact that such schemes may also be expected to provide pension adequacy for lower income groups.

Keywords: private funded pensions; pensions reform; pensions schemes; mandatory private pension; voluntary private pension (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:9:i:2:y:2009:p:67-72

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