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Scores of lawsuits have pushed retirement plan sponsors to shorter, easier-to-navigate menus, but - as Ian Ayres and Quinn Curtis argue in this work - we've only scratched the surface of retirement plan design. Using participant-level plan data and straightforward tests, Ayres and Curtis show how plan sponsors can monitor plans for likely allocation mistakes and adapt menus to encourage success. Beginning with an overview of the problem of high costs and the first empirical evidence on retirement plan fee lawsuits, they offer an overview of the current plan landscape. They then show, based on reforms to a real plan, how streamlining menus, eliminating pitfalls, and adopting static and dynamic limits on participant allocations to certain risky assets or 'guardrails' can reduce mistakes and lead to better retirement outcomes. Focusing on plausible, easy-to-implement interventions, Retirement Guardrails shows that fiduciaries need not be limited to screening out funds but can design menus to actively promote good choices.

Pension trusts --- Trusts and trustees --- Finance --- Law and legislation --- Employee pension trusts --- Pension funds --- Pension plans --- Trusts and trustees.

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Pension funds and annuity providers need to effectively manage the longevity risk they are exposed to. Individuals receiving a lifetime income may live longer than expected or accounted for in the actuarial calculations to provision for these liabilities. Mismanaged longevity risk can deteriorate finances, cause bankruptcy and expose individuals to the risk of losing their retirement income. To safeguard against this risk, pension funds and annuity providers must provision for future improvements in mortality and life expectancy. The regulatory framework can support the effective management of longevity risk. This publication assesses how pension funds, annuity providers such as life insurance companies, and the regulatory framework account for future improvements in mortality and life expectancy. The study then examines the mortality tables commonly used by pension funds and annuity providers against several well-known mortality projection models with the purpose of assessing the potential shortfall in provisions. The final part of the publication identifies best practices and discusses the management of longevity risk, putting forward a set of policy options to encourage and facilitate the management of longevity risk.  

Life annuities. --- Pension trusts. --- Retirement income. --- Business & Economics --- Labor & Workers' Economics --- Employee pension trusts --- Pension funds --- Pension plans --- Annuities --- Income --- Trusts and trustees

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This 2006 book treats two vital public policy issues: how should distributions from individual accounts be regulated, and how can the market for private annuities function better? It provides a comprehensive survey of the issues that arise when contributors to individual accounts become eligible for distributions. It also addresses the questions of whether annuitization or other restrictions on distributions should be mandatory, and if so, can the provision of annuities be privatized? Its analytical framework is applicable to a broad range of countries. Given the diminishing importance of public pensions around the world, the growing number of the elderly, and the increasing importance of defined contribution plans, the voluntary demand for private annuities is going to grow. It is vital that annuities be reasonably priced and that the annuity market be effectively regulated. The book investigates both issues, and proposes reforms to enhance the efficiency of the annuity market.

Pension trusts. --- Life annuities. --- Retirement income. --- Income --- Annuities --- Employee pension trusts --- Pension funds --- Pension plans --- Trusts and trustees --- Business, Economy and Management --- Economics

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What is the current state of development of institutional investors in Latin America? What are the requirements of the financial infrastructure and the regulatory framework to encourage the growth of the institutional sector in Latin America? What policy expertise can Latin America and OECD countries share to benefit from each other’s experience in broadening the role of institutional investors? These questions were addressed during the Santiago workshop on "Institutional Investors in Latin America", organised in September 1999 by the OECD through its Centre for Co-operation with Non-Members and the Commission of the European Union in co-operation with the Chilean Government. This set of texts can constitute a reference work on institutional investment for policy makers and experts in the public sector, actors in the private sector, and academics in both emerging market economies and OECD countries.

Capital market -- Latin America. --- Latin America -- Foreign economic relations. --- Nationalism -- Latin America. --- Pension trusts --- Employee pension trusts --- Pension funds --- Pension plans --- Trusts and trustees --- Institutional investments --- Insurance companies --- Investissements institutionnels --- Caisses de retraite --- Compagnies d'assurances --- Investments --- Investissements

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Pensions --- Pension trusts --- Law and legislation --- Compensation --- Pension plans --- Retirement pensions --- Superannuation --- Employee pension trusts --- Pension funds --- Retirement income --- Annuities --- Social security individual investment accounts --- Vested benefits --- Trusts and trustees