PHM Training Management
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Case Studies
Pension Fund Management
Hong Kong, PRC
August, 2010
Training
Programme
An
Overview
Demographic
trends suggesting rapid ageing and changing labour markets have added
urgency to pension reforms globally, including in low and middle income
countries. Rapid increases in the aged is due to lower fertility
levels, and longer life expectancy. As women live longer than men,
gender issues have also become an integral part of pension
reform. While demands and expectations for retirement income
security are rising, there has not been commensurate reforms in
professional, financial, or fiscal capacities. Retirement
financing must also integrate with health care reform for the same
dynamic reasoning.
Topics
The
program was aimed at enhancing the capacity of pension funds to improve
service quality, increase
return on
assets, to effectively cope
with
risks, and improve governance and regulatory
processes.
Towards this end, the following topics were covered in the program:
Policy and Macroeconomic Environment
• Dynamic Social Security for Africa: An
Agenda for Development
• Lessons from the Global Financial
Crisis for Pension Fund Investments & Management
• Pension Funds and Financial Markets –
Interplay and interdependence
• Pension Reforms in Developing
Countries: Basic Analytical Concepts, and Selected
Design and Implementation Issues.
• Avenues for extending social security
coverage in low and middle income countries.
• Building Private Pension Systems –
Financing DB schemes
Pension Funds in Africa/Tanzania – Key Issues
•
Regulatory aspects
of
managing the
pension
funds in Tanzania &
compliance
• Framing effective investment policies
and managing investments for risk- return optimization
• Enhancing the governance standards to
protect the interests of the stakeholders
•
Improving audit scope to
contain
the risks of operations
and financial
transactions
• Tax treatment of provident, and pension
funds, and of retirement products.
• Managing pension funds when financial
and capital markets are relatively less developed.
Strategies, Techniques and Tools
• Choosing appropriate portfolio
management strategies, viz., diversification, duration and asset
allocation
• Risk Management
• Introduction to Risk Management -
Risk-Return optimization
• Asset- Liability Management -
Matching assets and liabilities.
• Managing Risks – Strategies and Tools
• Introduction to Derivatives and Risks
of using Derivatives
• Good Corporate Governance – Principles,
practices and benchmarks
• Broad public management strategies and
strategic triangle
• Best practice in Governance from Asian
examples
Programme
Goals & Benefits
Enhanced capacity to deal with risks and ways increase return
to the members
• Improved Governance and oversight
• Strengthened systems and controls
• Qualitative reporting to the Management
and Board
• Better understanding of investment
trends, products and issues
•
Increased efficiency
of
outputs and
enhanced
effectiveness of outcomes
• Greater awareness of provident and
pension reforms internationally, and their implications
TOP
For additional information contact us
at
info@phmintl.com
or
1.772.388.6496
voice
1.772.388.6624 fax

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