Public pension funds have the potential to benefit from low operating costs because they enjoy economies of scale and avoid large marketing costs. But this important advantage has in most countries been dissipated by poor investment performance. The latter has been attributed to a weak governance structure, lack of independence from government interference, and a low level of transparency and public accountability. Recent years have witnessed the...
انظر المزيد
تفاصيل
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2008/1/01
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ورقة عمل خاصة ببحوث السياسات
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WPS4499
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1
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1
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2010/7/01
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Disclosed
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Upgrading the investment policy framework of public pension funds
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public pension fund