El presente estudio es un ejercicio teorico para Colombia que tiene como objetivo simular diferentes escenarios bajo un esquema hipotetico de multifondos, como funcionan actualmente en Chile, Mexico y Peru. Para esto se modeliza el comportamiento futuro de los precios de los activos que se...

This study is a theoretical exercise for Colombia that aims to simulate a variety of scenarios under a hypothetical scheme similar to the multi-funds currently in operation in Chile, Mexico and Peru. This has been done by modeling the future movement of asset prices that are considered to be...

The purpose of this study is to create a detailed account of what Latin American pension funds have meant to the financing of infrastructures, with the purpose of serving as a basis for reflection regarding potential improvements to optimize the portfolios of pension funds and accomplish a...

La crisis de deuda en la Union Economica y Monetaria ha planteado la necesidad en muchos de sus paises miembros de abordar una consolidacion fiscal sin precedentes, no solo a corto sino tambien a largo plazo. Por esta razon se ha reavivado la urgente necesidad de acelerar en muchos casos las...

The debt crisis in the Economic and Monetary Union has revealed the need in many member countries to engage in an unprecedented fiscal consolidation process, not only in the short term, but also in the long term. Therefore, the urgent need to accelerate in many cases the reforms of their pension...

China es ya una de las economias mas importantes del mundo, pero tiene muchas e importantes tareas que resolver, siendo una de ellas la implementacion de un exhaustivo programa social que debera abordar la disminucion de los recursos financieros de la tercera edad tras su retirada de la vida...

Despite the fact that China is already one of the most important economies in the world, the country has many big tasks to solve, being one of them the implementation of a comprehensive social agenda, including those related with the old-age stage and the consequently diminishing financial...

El presente estudio realiza un analisis del esquema de cobro de comisiones del sistema de pensiones en el Peru, y evalua el transito desde un esquema de comisiones por flujo hacia uno que se aplique sobre el saldo administrado, el cual posee varias ventajas. Entre las virtudes de este ultimo...

This paper analyzes the fees collection system in the Peruvian pension system and evaluates switching from fees on flow to fees on assets, which has several advantages. These advantages include the fact that it makes the fees that the pension company charges for the service it provides more...

This document contains a series of simulation exercises aimed at modeling returns in the private pension funds industry in Peru over the next 50 years. The results support the argument that return losses registered in Pension Funds due to the global financial crisis are part of a set of...