Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Pension fund management
Pension fund systems ought to be carefully designed and supervised to make sure that their purposes are met, the economic consequences are appropriate and that the individual members are given some basic protection. Even when the retirement provision is "opted out" from the hands of the state and is operated by private entities, some sort of supervision is still needed.
Pension plans are complex businesses created for the benefit of pension plan stakeholders. These stakeholders typically include current and future pensioners and the "owners" of the pension plan sponsor (i.e., either shareholders or taxpayers). Pension funds are very large funds. Effective management of these funds is a very important goal not only for the contributors, but also for the economy. This is because they represent a large part of the collective household savings. If these funds are not managed effectively, it may lead to disasters of huge magnitudes. This can slowdown Gross Domestic Product of the country and may as well cause grave political disturbances. In any pension investment management system, the Board of Trustees plays an important role. The fundamental responsibility of a trustee is to serve fairly all the different classes of beneficiaries. The trustees' duties relate to the provisions of the trust and its beneficiaries.
The trustees need to ensure that: the funds are safe; they get a good investment return; the scheme is properly administered, and they act in the members' interests. Separate issues such as negotiations about pension benefits between the employer and workforce representatives are not the business of the trustees or trustee meetings, even though some trustees may be involved in different roles in these issues. Trustees are bound to seek expert advice on matters where they need help mainly with regard to investment. They need to appoint an investment adviser and seek his advice at the time of investment.
APPLICABILIYI OF THE OPERETING CYCLE
State the factors of Tests of controls Tests of controls may include · Enquiries and observations corroborating internal control functions. Inspection of docu
Johnson & Johnson (JNJ) is trading at 68.15 (Sep 12th 2012 close). JNJ is a large health care conglomerate. It has done well so far this year (though not as well as the market) and
Long-Term Solvency Ratios (Financial Leverage Ratios) Debt-Equity Ratio = Total Debt / Total Equity à It is a measure of a company's debt utilization. It gives the ex
Q. Describe the Functions of Controller? (1) Planning and budgeting: - It comprises capital expenditure planning, profit planning, budgeting, inventory control, sales forecasti
Internal Rate of Retur n The discount rate at which the net current value (the value of all future cash flows, in excess of the real investment, expressed in today's d
Evaluation of change in credit policy Current average collection period = 30 + 10 = 40 days Current accounts receivable = 6m × 40/ 365 = $657534 The Average collection pe
How do financial managers calculate the average tax rate? Financial managers calculate the average tax rate by dividing tax dollars paid by earnings before taxes (EBT).
Q. What is the rationale of the double-play strategy? The hedge funds deploy a double-play strategy in order to engineer steep increases in interest rates and steep declines in
How are production limits used in practice to raise the prices of the following goods or services: (a) taxi rides, (b) drinks in a restaurant or bar, (c) wheat or
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd