Assessing the strictness of portfolio-related regulation of pension funds: Rethinking the definition of prudent

Marcin Senderski

MPRA Paper from University Library of Munich, Germany

Abstract: The paper features one of the most calling interrelation in today’s pension universe, namely the interplay between regulatory activity and future pensioners’ wealth. The paper attempts to explore this tradeoff, casting a closer glance solely at portfolio-related regulatory measures and investment performance of pension plans. The effort to classify and rank OECD regulatory regimes is made, which is not straightforward given the variety of unique approaches to regulation in this respect. Afterwards, a simple cross-section model is run that displays how the strictness of oversight affects the risk-return profile of pension instruments. The analysis embraces the 2001 to 2012 period, as this the period for which detailed OECD statistics are available. Conclusion and suggestions for further investigation tie up the article.

Keywords: pension funds regulation; pension funds performance; portfolio-related regulation; regulatory impact (search for similar items in EconPapers)
JEL-codes: G23 G28 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-age and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in The Macrotheme Review 1.3(2014): pp. 70-89

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/56610/1/MPRA_paper_56610.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:56610

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().