IDEAS home Printed from https://ideas.repec.org/a/prg/jnlcfu/v2024y2024i3id602p23-37.html
   My bibliography  Save this article

Individual or institutional pension savings management?
[Individuální nebo institucionální správa penzijních úspor?]

Author

Listed:
  • Petr Musílek

Abstract

The paper discusses the issue of various pension finance products, managed individually or institutionally (professionally). In the introductory part of the contribution, the more detailed characteristics, advantages and risks of the newly created long-term investment product are discussed. Furthermore, pension funds and participation funds are discussed as representatives of the institutional administration of pension savings. Special attention is paid to the negative effects of incorrect institutional adjustment using the example of the zero yield guarantee of the original Czech pension funds. The role of pension products in the financial system is discussed in the final part of the paper.

Suggested Citation

  • Petr Musílek, 2024. "Individual or institutional pension savings management? [Individuální nebo institucionální správa penzijních úspor?]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2024(3), pages 23-37.
    • Handle: RePEc:prg:jnlcfu:v:2024:y:2024:i:3:id:602:p:23-37
    DOI: 10.18267/j.cfuc.602
    as

    Download full text from publisher

    File URL: http://cfuc.vse.cz/doi/10.18267/j.cfuc.602.html
    Download Restriction: free of charge
    File URL: http://cfuc.vse.cz/doi/10.18267/j.cfuc.602.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.cfuc.602?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Pension funds; Pension funds performance; Supplementary pension insurance; Zero yield guarantee; Participating funds; Penzijní produkty; Penzijní fondy; Účastnické fondy; Dlouhodobé investiční produkty;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlcfu:v:2024:y:2024:i:3:id:602:p:23-37. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.