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.
1. A company sold a super computer to an Institute in Germany on credit and invoiced DM 10 million payable in six months. Presently, the six-month forward exchange rate is $1.50/DM
The following guidelines are applicable for the issue of Fully Convertible Debentures (FCDs), Partly Convertible Debentures (PCDs) and Non-conve
QUESTION i) Distinguish between intermediated and market finance using illustrative examples. ii) Differentiate between the main characteristics of Debt and Equity. iii)
Q. Explain the three kind’s non-financial incentives? Non-Financial incentives: Incentives which cannot be offered in terms of money are known as non-¬financial incentives. Ind
Explain the significant feature of the wealth maximisation The significant feature of the wealth maximisation criterion is that it considers is that it considers both the quali
Why are most futures positions closed out through a reversing trade rather than held to delivery? Answer: In forward markets, almost 90% of all contracts that are basically es
Illustration An investor with a 1-year investment horizon purchases a 20-year 5% corporate bond. The prevailing price of the bond is Rs.82.3488 for a yield of 6.2%
Multi-period Compounding or else Future Value :- If the company determination compounding interest half-yearly (semi-annually) instead of annually then investors will gain as he wi
How to get cost differential when 100% done by a single party only.
give and explain the seven sources of finance
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd