The Resource Competition and Performance in the Polish Second Pillar

Competition and Performance in the Polish Second Pillar

Label
Competition and Performance in the Polish Second Pillar
Title
Competition and Performance in the Polish Second Pillar
Creator
Contributor
Subject
Genre
Language
eng
Summary
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
Member of
Cataloging source
DJB
Dewey number
331.25/209438
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HD7197.7
LC item number
.R83 2007
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
World Bank working paper,
Series volume
no. 107
Label
Competition and Performance in the Polish Second Pillar
Publication
Bibliography note
Includes bibliographical references (pages 51-53)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Abstract; 1. Introduction; 2. Overview of the Polish Pension System; List of Tables; List of Figures; 3. Structure and Performance of the Second Pillar; 4. Main Regulatory and Supervisory Issues; 5. The Domestic Capital Market; 6. Recommendations for Improving the Performance of the Second Pillar; Appendix; References
Control code
ocn317595912
Dimensions
unknown
Extent
1 online resource (v, 53 pages)
Form of item
online
Isbn
9780821371190
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b23332748
Specific material designation
remote
System control number
  • (OCoLC)317595912
  • pebcs0821371193

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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