The asset management of privately pension fund managed in crisis conditions

Titel Negru ()
Additional contact information
Titel Negru: Universitatea Spiru Haret, Facultatea de Finante si Banci

No 2009/31, Papers from Osterreichish-Rumanischer Akademischer Verein

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

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 (search for similar items in EconPapers)
JEL-codes: H55 I18 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2009-06-16
New Economics Papers: this item is included in nep-rmg
References: Add references at CitEc
Citations:

Downloads: (external link)
http://mihaicovaci.intercer.org/site/37/images/31.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to mihaicovaci.intercer.org:80 (No such host is known. )

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:ris:sphedp:2009_031

Access Statistics for this paper

More papers in Papers from Osterreichish-Rumanischer Akademischer Verein Kuhn Platz 6 Wien. Contact information at EDIRC.
Bibliographic data for series maintained by Brindusa Covaci ().