Supervising mandatory funded pension systems: issues and challenges

Gustavo DeMarco, Rafael Rofman and Edward Whitehouse ()

No 20113, Social Protection Discussion Papers and Notes from The World Bank

Abstract: The regulation and supervision of pension funds is a critical part of building public confidence in a funded-pension system. This report argues that confidence is best bolstered by an independent, autonomous, and transparent supervision agency, particularly when previous systems have failed. The choice between proactive and reactive supervision depends on previous experience of self-regulation in a country's financial sector. This report examines four key areas of supervision in derail: institutional, financial, membership, and benefits control. It looks at collection of contributions, asset valuation, portfolio limits, custodianship, and benefit guarantees. New data are presented on the performance of supervision agencies in and on marketing and operation costs of new pension funds in Latin America. Comparative data for OECD (Organization for Economic Cooperation and Development) countries are also included.

Keywords: Debt Markets; Emerging Markets; Pensions&Retirement Systems; Insurance Law; Access to Finance (search for similar items in EconPapers)
Date: 1998-12-01
References: View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www-wds.worldbank.org/servlet/WDSContentSer ... E0DOCUMENT0TITLE.pdf (application/pdf)

Related works:
Working Paper: Supervising mandatory funded pension systems: issues and challenges (1998)
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:wbk:hdnspu:20113

Access Statistics for this paper

More papers in Social Protection Discussion Papers and Notes from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Aaron F Buchsbaum ().