World Bank

Keys to emerging-infrastructure funding

The chair of the International Forum of Sovereign Wealth Funds, Adrian Orr, says entities such as the IMF could pave the way for large-scale investment in emerging-market infrastructure projects.

Simon HoyleOctober 19, 2017

Emerging market funds need to diversify

Pension funds in many emerging economies need to diversify offshore, says the World Bank, in order to achieve higher returns with potentially lower volatility.

Amanda WhiteAugust 14, 2017

Defined contribution plans focus too much on the short-term accumulation of pension assets rather than the longer-term goal of securing an adequate retirement income. This paper by the World Bank, based on case studies from a number of countries, argues that pension supervisors have not properly defined the objectives of DC pension systems It suggests […]

Amanda WhiteMay 7, 2014

Uncategorised posts

Cass creates principles
for DC model

As almost every market in the world looks to move from defined benefit to some sort of defined contribution model, academics at the Pensions Institute of the Cass Business School, City University London have developed a set of 15 principles for designing a defined contribution model. The principles, consistent with the recently published OECD guidelines, are based […]

Amanda WhiteMarch 27, 2013

Uncategorised posts

Union leader calls for investors to drive new green future

Institutional investors need to move beyond “bombastic support” of ESG issues, says the head of the world’s peak trade union organisation.

Amanda WhiteSeptember 21, 2011

Research

Deconstructing Herding

This World Bank policy research paper examines the herding behaviour of pension funds, concluding that funds herd more in assets for which they have less market information and when risk increases. Moreover, herding is more prevalent across funds that narrowly compete with each other.

Amanda WhiteJune 29, 2011