Aging Population, Pension Funds, and Financial Markets

2009 ◽  
Keyword(s):  
Financial Markets ◽  
Aging Population ◽  
Pension Funds

scholarly journals Financial literacy and retirement planning: the Russian case

2011 ◽  
Vol 10 (4) ◽  
pp. 599-618 ◽  
Author(s):  
LEORA KLAPPER ◽  
GEORGIOS A. PANOS
Keyword(s):  
Financial Markets ◽  
Financial Literacy ◽  
Retirement Planning ◽  
Pension Funds ◽  
Regional Disparities ◽  
Public Pension ◽  
Ageing Population ◽  
Retirement Plans ◽  
Simple Question ◽  
The Relationship

AbstractWe examine the relationship between financial literacy and retirement planning in Russia, a country with a relatively old and rapidly ageing population, large regional disparities, and emerging financial markets. We find that only 36% of respondents in our sample understand interest compounding and only half can answer a simple question about inflation. In a country with widespread public pension provisions, we find that financial literacy is significantly and positively related to retirement planning involving private pension funds. Thus, along with encouraging the availability of private retirement plans, efforts to improve financial literacy can be pivotal to the expansion of the use of such funds.

Private Pension Funds' Problems

2004 ◽  
pp. 123-131
Author(s):  
O. Khmyz
Keyword(s):  
Financial Markets ◽  
Pension System ◽  
Pension Funds ◽  
Private Pension ◽  
System Reform ◽  
Financial Assets ◽  
The Past ◽  
Funds Management ◽  
Further Development

Private pension funds in Russia have been growing in number dramatically over the past few years. The increasing importance of private pension funds as holders of financial assets means that their impact on the functioning of financial markets is steadily growing. The article discusses the range of factors that can stimulate further development of the pension system reform — principles of private professional pensions' regulation as well as the structure and mechanisms of pension funds' management.

China pension reforms create new markets

2018 ◽  
Keyword(s):  
Financial Markets ◽  
Pension System ◽  
Pension Funds ◽  
Private Pensions ◽  
Demographic Ageing ◽  
Content Type ◽  
The Past ◽  
Pension Schemes ◽  
Urban And Rural Residents ◽  
The Government

Subject China's pension system. Significance The government on July 1 launched a scheme to redistribute pension funds from rich provinces with surpluses to poor ones with deficits. Pressure on the pension system is one result of rapid demographic ageing -- one of the most pressing issues facing China's government. The gap between pension contributions and benefits paid out could approach 100 billion dollars by 2020. Various reforms over the past few months aim to make pension schemes more sustainable. Impacts Private and commercial insurance, now encouraged by Beijing, will likely grow rapidly in the coming years. Insurance products and public pension funds investing in equities will contribute to the development of China's financial markets. The minimum benefits for the rural basic pension will rise, but enormous imbalances will persist between urban and rural residents. Although not currently open to foreign players, a huge market in private pensions could open in the future as the industry matures.

Pension Funds and Urban Investment: Four Models of Financial Intermediation

1997 ◽  
Vol 29 (7) ◽  
pp. 1297-1316 ◽  
Author(s):  
G L Clark
Keyword(s):  
Financial Markets ◽  
Asset Allocation ◽  
Imperfect Information ◽  
Pension Funds ◽  
Public And Private ◽  
Role Of Government ◽  
Proper Role ◽  
Current State ◽  
Fund Investment ◽  
Near Future

It has been often suggested that public and private pension funds should be, and could be, mobilised to invest in urban infrastructure, housing, and community development. In fact, given the apparent decline in government funding of such areas of concern, it has been suggested that pension funds may be the only ‘new’ sources of finance in the near future. In this paper, I assess the current state of play in the pension fund investment management industry, noting the conservatism of many fund trustees with respect to alternative investment products (AIPs) as well as noting that standard models of asset allocation hardly ever allocate significant resources to such products. It is argued that the rate of adoption and the level of funding of AIPs depend upon solutions to two basic interrelated problems associated with AIPs: the high costs of imperfect information and the lack of adequate measures of product providers' veracity. A set of four institutional solutions to these problems are reviewed, with a focus put upon the design and implementation of AIPs in relation to conventional financial markets. This leads to a consideration of the proper role of government policy with respect to AIPs and the long-term potential of AIPs with respect to product innovation in financial markets in general.

scholarly journals Investments and portfolio structure of private pension and insurance companies in North Macedonia

2020 ◽  
Vol 9 (5) ◽  
pp. 227-234
Author(s):  
Bulent Dervishi
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Stock Exchange ◽  
Supply And Demand ◽  
Active Role ◽  
Pension Funds ◽  
Private Pension ◽  
Insurance Companies

The financial market in general is where supply and demand for funds are met. In other words, funds saved in the financial market are directed to investments in order to contribute to the economy. In the Macedonian financial market, the banking sector is really dominant but also pension funds and insurance funds have an active role. This research will be studied the distribution of pension funds’ portfolios in the North Macedonian financial market. The global financial crisis in 2008 negatively affected the economies and financial markets of many countries, including the USA and Europe, and the effects of the crisis continued until 2013. This negatively affected the confidence in the financial markets, and the current surplus of funds was directed towards low-risk but fixed or low-yield financial instruments. As of 31.12.2018, fund accumulation in private pension funds amounted to 1.04 billion euros, corresponding to approximately 10 percent of GDP. The total premium production of insurance companies is around 157 million euros, while the GDP ratio of premium production is around 1.5 percent. Funds collected in both sectors are generally used in treasury bills, bank deposits, and stocks traded on the Macedonia Stock Exchange and foreign financial markets.

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