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Investment Risk Management in Private Pension Systems

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  • Ivanka Daneva

Abstract

This paper studies the specific features of pension services and the impact on financial risk management for pension plans with defined pensions and pension plans with defined contributions. A special attention is paid to the scientific methodology to identify, measure and evaluate various risks, related to investments in pension assets. There is an analysis of the assessment indicators of different types of risks in pension plans with contributions fixed in advance, stating the financing requirements and some aspects of risk measurement approaches in case of defined pension plans. The trends are outlined for further development of the investment risk management methodology in capital-based pension systems.

Suggested Citation

  • Ivanka Daneva, 2009. "Investment Risk Management in Private Pension Systems," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 19-34.
    • Handle: RePEc:bas:econth:y:2009:i:2:p:19-34
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    References listed on IDEAS

    as
    1. Colin Pugh & Juan Yermo, 2008. "Funding Regulations and Risk Sharing," OECD Working Papers on Insurance and Private Pensions 17, OECD Publishing.
    2. Colin Pugh & Juan Yermo, 2008. "Funding regulations and risk sharing," OECD Journal: Financial Market Trends, OECD Publishing, vol. 2008(1), pages 163-196.
    3. Sandra Blome & Kai Fachinger & Dorothee Franzen & Gerhard Scheuenstuhl & Juan Yermo, 2007. "Pension Fund Regulation and Risk Management: Results from an ALM Optimisation Exercise," OECD Working Papers on Insurance and Private Pensions 8, OECD Publishing.
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    1. repec:bas:econth:y:2013:i:2:p:50-75 is not listed on IDEAS
    2. repec:bas:econth:y:2013:i:2:p:76-99 is not listed on IDEAS

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    More about this item

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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