rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Competition and performance in the Polish second pillar
  name:
    name part: Rudolph, Heinz P.
    role:
      role term: creator
  name:
    name part: Rocha, Roberto Rezende.
  name:
    name part: World Bank
  type of resource: text
  genre: bibliography
  origin info:
    place:
      place term: dcu
    date issued: 2007
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: v, 53 pages : illustrations ; 26 cm.
  abstract: This paper provides an assessment of the Polish funded pension system and the quality of the regulatory framework for the accumulation phase. There are two elements that distinguish the Polish pension fund portfolios from other reforming countries': the relatively high component of domestic equity, and the negligible component on international securities. Although this asset allocation has provided relatively high real rates of return in the past, it may not be the case in the future, as further portfolio diversification to other instruments will become necessary to ensure sustainable rates of return. The paper provides a number of recommendations to expand the opportunities of investments to pension funds. The paper finds that pension fund management companies have been able to exploit scale economies in certain areas of the business, such as collection of revenues, and proposes to study mechanisms to enhance them even more by centralizing also the account management system, which may also help to increase portfolio efficiency and competition. The paper suggests that, with the payout phase starting in 2009, broad definitions in areas such as the role of the public and private sector need to be established. The paper examines the products and options that authorities may consider for the design of the payout phase.
  note: Heinz Rudolph, Roberto Rocha.
  note: Includes bibliographical references (pages 51-53).
  subject:
    geographic code: e-pl---
  subject:
    topic: Pensions
    geographic: Poland
  subject:
    topic: Pension trusts
    geographic: Poland
  subject:
    topic: Pensions
    geographic: Pologne
  subject:
    topic: Régimes de retraite
    geographic: Pologne
  subject:
    topic: Régimes privés de retraite
    geographic: Pologne
  subject:
    topic: Caisses de retraite
    geographic: Pologne
  related item:
    title info:
      title: World Bank working paper. no. 107
  identifier: 9780821371190
  identifier: 0821371193
  identifier: 9780821371206 (eISBN)
  identifier: 0821371207 (eISBN)
  record info:
    record content source: DJB
    record creation date: 070719
    record change date: 20151108053234.0
    record identifier: in00002339100