The Impact of the Crisis on Pension Funds
International Monetary Fund (IMF); World Bank
January 20, 2011
The crisis is likely to accelerate pension trends already at work. This further market shock highlighting the riskiness of company pension provision, and of equity investment, will probably accelerate the closure of existing DB schemes and encourage closer matching of assets with liabilities through longer-term bond investments. The increasing transfer of portfolio risk to households through mark-to-market DC schemes is likely to add further to factors encouraging an increase in savings in order to achieve a target minimum income in retirement.
Number of Pages in PDF File: 14working papers series
Date posted: January 22, 2011
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