March 2019

31Mar

Corporate Governance in Banking and Investor Protection: From Theory to Practice

By Belen Diaz Diaz, Samuel O Idowu, Philip Molyneux This book explores the status quo of corporate governance in banking and investor protection from both theoretical and practical perspectives. Bringing together original conclusions with a regional and international focus, it provides a timely and comprehensive overview of the effectiveness of corporate governance in the financial sector and an assessment of investor protection. It also includes a number of examples and case studies to illustrate the findings. The book compares corporate...

March 31, 2019
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31Mar

Robo-Advisors: Investing Through Machines

By Facundo Abraham (World Bank), Sergio L. Schmukler (World Bank - Development Research Group (DECRG)), José Tessada (Business School, Pontificia Universidad Católica) Investing through online automated platforms, known as robo-advisors, is increasingly popular. Robo-advisors expand access to wealth management services by making it easier and less costly to open investments accounts and receive financial advice, as well as plan and automate investment decisions. However, the rise of robo-advisors requires consumers to understand the limitations of these services and to get...

March 31, 2019
Articles, Investing, Labor Market,
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17Mar

Actuarial Finance: Derivatives, Quantitative Models and Risk Management

By Mathieu Boudreault, Jean-Francois RenaudA Drs. Boudreault and Renaud answer the need for a clear, application-oriented guide to the growing field of actuarial finance with this volume, which focuses on the mathematical models and techniques used in actuarial finance for the pricing and hedging of actuarial liabilities exposed to financial markets and other contingencies. With roots in modern financial mathematics, actuarial finance presents unique challenges due to the long-term nature of insurance liabilities, the presence of mortality or other contingencies...

March 17, 2019
Books, Investing, Management,
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10Mar

Retirement Challenge – A Perspective for Emerging Markets

By Nadeem Jeddy (Independent) The West offers valuable lessons in managing retirement challenge but their experience needs to be contextualized for a vastly different sociopolitical environment of the emerging markets. This has important implications for aggregating retirement pools to build scale, investment model of firms, boundary for public sector role and solutions for income security. The article describes the differences in sociopolitical context, reviews some important Western lessons and then proceeds to outline the key features of a sustainable retirement...

March 10, 2019
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February 2019

15Feb

Sustainable, Responsible, Impact Investing Made Easy 2019: a Practical Guide for the socially conscious investor

Por Bill HollidaySocially Responsible Investments provide you with the chance to vote with your investments and influence our world. Sustainable, Responsible, Impact Investing (SRI) is a rapidly growing area of investment. It is outpacing the overall rate of general investment growth.SRI allows investors the ability to have investments in line with their values. It provides another tool to address important issues. SRI provides a way to support organizations and issues while earning a competitive return. As an example, if someone...

February 15, 2019
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10Feb

Bridging Public Pension Funds and Infrastructure Development

By Clive Lipshitz (Tradewind Interstate Advisors) & Ingo Walter (New York University - Leonard N. Stern School of Business; New York University (NYU) - Department of Finance) Underfunding of U.S. public pensions is a chronic policy issue that has become more severe over time. Public pension obligations were estimated at $5.96 trillion at the end of 2017 supported by assets of $4.33 trillion — a shortfall of $1.63 trillion and a ‘funded-ratio’ of 72.6%. We consider the sustainability of public...

February 10, 2019
Articles, Investing, Sustainability, ,
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January 2019

27Jan

Putting the Pension Back in 401(k) Retirement Plans: Optimal versus Default Longevity Income Annuities

By Vanya Horneff (Goethe University Frankfurt - Research Center SAFE), Raimond Maurer (Goethe University Frankfurt - Finance Department), Olivia S. Mitchell (University of Pennsylvania - The Wharton School; National Bureau of Economic Research (NBER)) A recent US Treasury regulation allowed deferred longevity income annuities to be included in pension plan menus as a default payout solution, yet little research has investigated whether more people should convert some of the $15 trillion they hold in employer-based defined contribution plans into lifelong income streams. We investigate this...

January 27, 2019
Articles, Investing, Pension design, , ,
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14Jan

Investment Strategies for Retirement

By Franck NicolasThe issue of pension financing is evolving everywhere, becoming more of a corporate or individual matter rather than a state one. Demographic changes are making sharing mechanisms hard to control, and social deficits often lead governments to pull back from their obligations. This raises many questions for the individual: Read Complete Book Here

January 14, 2019
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December 2018

16Dec

Annuity Pricing In Public Pension Plans: Importance Of Interest Rates

By Nino Abashidze, Robert L. Clark, Beth Ritter, David Vanderweide There is little systematic information on the distribution options in public sector retirement plans and how annuity options are priced relative to the standard single life annuity. This study examines the distribution options of 85 large public retirement plans covering general state employees, teachers, and local government employees. An important component of the analysis is the construction of a data set presenting the annuity options offered by each of these plans and how the...

December 16, 2018
Articles, Investing, Pension design, Savings, ,
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October 2018

29Oct

How Persistent Low Returns Will Shape Saving and Retirement

By Olivia S Mitchell,‎ Robert Clark,‎ Raimond Maurer Financial market developments over the past decade have undermined what was once thought to be conventional wisdom about saving, investment, and retirement spending. How Persistent Low Returns Will Shape Saving and Retirement explores how the weak capital market performance predicted for the next several years will shape pension saving, investment, and decumulation plans. Academics, policymakers, and industry leaders debate alternative strategies to cope with these challenges globally, as economic growth remains slow...

October 29, 2018
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