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Licensing Regulation and the Supervisory Structure of Private Pensions: International Experience and Implications for China
Hu, Yu-Wei; Stewart, Fiona - Directorate for Financial, Fiscal and Enterprises … - 2009
China currently has a highly diversified structure of pension regulation and supervision. In this paper we first review …, Hong Kong China, Poland, Turkey, the United Kingdom and the United States. Then, based on international practices and … experiences identified, and taking into account China‘s unique situation, we examine potential ways to improve the current private …
Persistent link: https://www.econbiz.de/10004962903
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Collective Pension Funds: International Evidence and Implications for China's Enterprise Annuities Reform
Hu, Yu-Wei; Pugh, Colin; Stewart, Fiona; Yermo, Juan - Directorate for Financial, Fiscal and Enterprises … - 2007
back the development of EA plans among small and medium size enterprises (SMEs) in China, and bearing in mind both China … as independent pension councils (trustees) for open pension funds; 4) in parallel to these policy initiatives in China …
Persistent link: https://www.econbiz.de/10004962934
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The Effect of Solvency Regulations and Accounting Standards on Long-Term Investing: Implications for Insurers and Pension Funds
Severinson, Clara; Yermo, Juan - Directorate for Financial, Fiscal and Enterprises … - 2012
This report reviews recent as well as planned changes to accounting and solvency regulations affecting insurers and pension funds and how they may impact long-term investing by these institutions. The review of existing evidence focuses mainly on the impact of risk-based solvency requirements,...
Persistent link: https://www.econbiz.de/10011276662
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Pension Fund Governance: Challenges and Potential Solutions
Stewart, Fiona; Yermo, Juan - Directorate for Financial, Fiscal and Enterprises … - 2008
Good governance is increasingly recognized as an important aspect of an efficient private pension system, enhancing investment performance and benefit security. Yet, despite regulatory and industry initiatives, governance weaknesses persist across OECD and non-OECD countries. This paper...
Persistent link: https://www.econbiz.de/10004962913
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Accounting for Defined Benefit Plans: An International Comparison of Exchange-Listed Companies
Severinson, Clara - Directorate for Financial, Fiscal and Enterprises … - 2008
Defined benefit pension plans can entail one of the biggest liabilities that an exchange-listed company has on its balance-sheet. There exist comprehensive requirements for the reporting of such liabilities. This paper examines the impact that defined benefit pension plans had on the financial...
Persistent link: https://www.econbiz.de/10004962923
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Fees in Individual Account Pension Systems: A Cross-Country Comparison
Tapia, Waldo; Yermo, Juan - Directorate for Financial, Fiscal and Enterprises … - 2008
This paper focuses on the fees that are charged to participants in mandatory, defined contribution pension systems, focusing on the experience of Latin America, Central and Eastern Europe, Australia, and Sweden. In order to compare fees across countries, this paper looks at the evolution of a...
Persistent link: https://www.econbiz.de/10004962924
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Evaluating the Impact of Risk Based Funding Requirements on Pension Funds
Peek, Jordy; Reuss, Andreas; Scheuenstuhl, Gerhard - Directorate for Financial, Fiscal and Enterprises … - 2008
The objective of this study is to analyse what the quantitative funding requirements for pension funds with defined benefit plans would be, if Solvency II (based on the QIS 3 methodology) would be applied. Also possible extensions of the Solvency II methodology that seem necessary in order to...
Persistent link: https://www.econbiz.de/10004962932
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Pension Funds' Risk-Management Framework: Regulation and Supervisory Oversight
Stewart, Fiona - Directorate for Financial, Fiscal and Enterprises … - 2010
Drawing on the experience of the pensions and other financial sectors, this paper examines what sort of risk-management framework pension funds should have in place. Such frameworks are broken down into four main categories: management oversight and culture; strategy and risk assessment; control...
Persistent link: https://www.econbiz.de/10008522022
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The Impact of the Financial Crisis on Defined Benefit Plans and the Need for Counter-Cyclical Funding Regulations
Yermo, Juan; Severinson, Clara - Directorate for Financial, Fiscal and Enterprises … - 2010
Three essential goals of pension plan funding are the long-term viability, stability and security of member benefits. Reform of funding regulations for defined benefit (DB) pension schemes to make them more counter-cyclical in nature can help achieve these goals as well as make DB schemes more...
Persistent link: https://www.econbiz.de/10008483874
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The New IAS 19 Exposure Draft
Severinson, Clara - Directorate for Financial, Fiscal and Enterprises … - 2010
At the end of April 2010, the International Accounting Standards Board (IASB) published an exposure draft with proposed changes to International Accounting Standard No. 19 (IAS 19). IAS 19 is the current standard for the financial reporting of company pension obligations that stem from defined...
Persistent link: https://www.econbiz.de/10008492405