Pension fund asset management - the impact of greater professionalism
Article Abstract:
A predicted boom in pension fund asset management between 1993 to 2020 in the EU will have major ramifications on the EU's and the world's capital markets as well as all service providers in the pension fund asset management sector. As the boom progresses, pay-as-you-go social security and funded second-pillar pensions will become the norm. Increased competition will lead to greater efficiency, specialization and the elimination of inefficient market players while greater professionalism will bring down the cost of managing assets.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1996
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Pension developments in Zimbabwe
Article Abstract:
Zimbabwe is currently liberalizing its economy which plays a significant role on the developments of pensions in the country. At present, there are three main schemes to retirement provision in Zimbabwe, namely provident funds, retirement annuity funds and the pension funds. The National Social Security Scheme was introduced in October 1994, providing a final salary pension scheme to its members. Another development is the defined contribution scheme used primarily by large industry groups and small employers.
Publication Name: Benefits & Compensation International
Subject: Human resources and labor relations
ISSN: 0268-764X
Year: 1997
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