Wednesday, October 8, 2008
Allianz: Pension Governance In Flux
A new report from Allianz Global Investors AG reveals that the governance and investment policies of pension reserve funds in Asia are in transition.
Funding Unfunded Pensions: Governance and Investments of Asian Reserve Funds investigates the four largest pension reserve funds in Asia-Pacific, which together account for over 766 billion in assets under management.
Due to their sheer size, these funds have an important influence on global financial markets and national economies. Given the ageing populations the professional management of these funds is critical for the sustainability of public pensions.
Many countries around the world have introduced pension reserve funds in order to fund future liabilities and cushion the impact of aging populations on public pension systems.