Overview
People are getting older. The dramatic shifts in demographics coupled with budgetary constraints have, over the past 15 years, forced national authorities to overhaul arrangements for meeting their future pension liabilities - first in Europe and now in Asia. Yet many systems remain under-funded and unreformed, and all face looming liabilities as populations age and the ratio of workers to retirees shrinks. This new book, from Risk Books, through a series of case-studies, will explore these challenges, as well as the opportunities for investment their mandates allow. While state pension funds share many qualities of their private-sector counterparts and asset managers in the public sector, they face a unique set of challenges derived from their funding, governance and liability arrangements. This book recognises the professionalism and emerging identity of the state pension funds as a sector and drawing on global best practice it places this in an Asian context. It provides a benchmark for good practice in an important and dynamic sector about which, to date, there have been relatively few targeted publications. Individual chapters focus on: Asia's demographic challenge, China's pension system, governance and risk management, establishing benchmarks, the challenges faced by the Asia's developed pension sectors, the use of external managers and the opportunity and risk of alternative assets. Authors include: Alan Brown, Professor Mukal Asher, Stuart Leckie, Carl Redondo, Naomi Denning, Hiroshi Yamabana, Douglas Robertson, and Professor Jennifer Wang.
Full Product Details
Author: Aaron Woolner
Publisher: Risk Books
Imprint: Risk Books
ISBN: 9781906348168
ISBN 10: 1906348162
Publication Date: 01 October 2009
Audience:
Professional and scholarly
,
Professional & Vocational
Format: Paperback
Publisher's Status: Active
Availability: In Print
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Author Information
Aaron Woolner is the editor of Life & Pensions magazine, a London-based publication focusing on risk and capital management issue affecting both sectors. He joined Life & Pensions as a staff writer in 2005, just three issues after the publication was launched, and since then has covered the sectors from a global perspective, with regular travel to North America and Asia in addition to maintaining a strong focus on the European market. As well as Life & Pensions he also regularly has work published in Risk, Asia Risk and Credit magazines. Aaron studied economics and history at the University of Manchester before completing a post graduate journalism course at the London College of Printing. Before joining Life & Pensions he covered oil, gas and power for online newswire Infrastructure Journal.
