The 2008-09 global financial crisis did not result in the failure of any major financial institution in Israel, but it did reveal vulnerabilities in the non-banking sector . particularly in the corporate-bond market. Conservative regulation of the banking sector helped this segment avoid a...

Annuities are a vital aspect of a growing number of reformed pension systems around the world, and will be of increasing relevance in Europe as reform of generous social security schemes gathers pace. This paper addresses the regulation of annuities, essential to ensure integrity of the system,...

The regulation and supervision of pension funds is a critical part of building public confidence in a funded-pension system. This paper argues that confidence is best bolstered by an independent, autonomous and transparent supervision agency, particularly when previous systems had failed. The...

Socially responsible investment has evolved from being an approach that matches investments to ethical values to one that considers the impact of long-term changes in the business environment on companies and their share price. Thanks to their long-term horizon and asset size, pension funds are...

The Norwegian Government Pension Fund Global was recently ranked the largest fund on the planet. It is also highly rated for its professional, low-cost, transparent, and socially responsible approach to asset management. Investment professionals increasingly refer to Norway as a model for...

This document discusses the emergence and evolution of state-sponsored investment vehicles, commonly known as sovereign wealth funds (SWFs), with attention paid to the consequences of establishing such an entity in Zimbabwe. While some of what is to be discussed is prescriptive in nature, the...