Catalogue

COVID-19: Updates on library services and operations.

Pension revolution : a solution to the pensions crisis /
Keith P. Ambachtsheer.
imprint
Hoboken, N.J. : John Wiley & Sons, c2007.
description
xxxii, 336 p. : ill. ; 24 cm.
ISBN
0470087234 (cloth), 9780470087237 (cloth)
format(s)
Book
Holdings
More Details
imprint
Hoboken, N.J. : John Wiley & Sons, c2007.
isbn
0470087234 (cloth)
9780470087237 (cloth)
contents note
Are pension funds 'irrelevant'? -- The pension revolution? Are you a believer yet? -- After the perfect pension storm: what now? -- Beyond portfolio theory: the next frontier -- The United Airlines case: tipping point for U.S. pension system? -- Peter Drucker's pension revolution after 30 years: not over yet -- Winning the pension revolution: why the Dutch are leading the way -- Pension reform: evolution or revolution? -- Can game theory help build better pension plans? -- If DB and DC plans are not the answers, what are the questions? -- Human foibles and agency dysfunction: building pension plans for the real world -- DB plans and bad science -- Peter Drucker's pension legacy: a vision of what could be -- Reinventing pension fund management: easier said than done -- Should (could) you manage your fund like Harvard or Ontario teachers'? -- 'Beauty contest' investing: not dead yet -- Eradicating 'beauty contest' investing: what it will take -- High-performance cultures: impossible dream for pension funds? -- How much is good governance worth? -- The 10 percent equity return illusion: possible consequences -- Stocks for the long run?-- Or not? -- 'Persistent investment regimes' or 'random walk'?: Even Shakespeare knew the answer -- The fuss about policy portfolios: adrift in institutional wonderland -- Shifting the investment paradigm: a progress report -- Whose investment beliefs do you believe? -- Our 60-40 asset mix policy advice in 1987: wise or foolish? -- 'But what does the turtle rest on?': a further exploration of investment beliefs -- Professor Malkiel and the new investment paradigm: raining on the parade? -- The 'post-bubble blues decade': a progress report -- Rethinking funding policy and regulation: how should pension plans be financed? -- Funding policy and investment policy: how should they be integrated in DB pension plans? -- Resurrecting Ranva: adjusting investment returns for risk -- Adjusting investment returns for risk: what's the best way? -- Pension plan organizations: measuring 'competitiveness' -- Measuring DC plans as 'value propositions': the new imperative for plan sponsors -- Measuring pension fund behaviour (1992-2004): what can we learn? -- Whither security analysis? -- Pension funds and investment firms: redefining the relationship -- The new pension fund management paradigm: feedback from financial analysts -- Reconnecting GAAP and common sense: the cases of stock options and pensions -- Is SRI bunk? -- Alpha, beta, bafflegab: investment theory as marketing strategy -- The Turner pensions commission report: a blueprint for global pension reform -- More pension wisdom from Europe: the Geneva Report or pension reform -- PERS and the pension revolution: active participant-- or passive bystander? -- Advice for Alyson Green: how PERS can join the pension revolution -- In conclusion: a call to arms.
local note
For Business (Rotman School of Management) - Rotman speaker series.
catalogue key
6139924
 
Includes bibliographical references.
A Look Inside
Excerpts
Flap Copy
Pension systems in the developed world are becoming increasingly risky propositions. More and more workers reach retirement age expecting lifetime security, only to find little more than empty promises and IOUs in their retirement packages. How did we get here? And, more importantly, what must we do now to rethink, revamp, and revolutionize our failing pension systems? Pension Revolution features a point-by-point analysis of the reasons for today's unfolding pensions crisis. Written by award-winning and globally recognized pension and investment analyst Keith Ambachtsheer, this well-researched exploration provides members of the business, labor, government, and professional communities with a timely, insightful look at everything from pension design, organizational structure, and investment beliefs, to risk management, performance measurement, and results disclosure. Its 46 chapters ask hard questions and provide workable solutions, including: What Australia and several European nations are doing to radically reshape the pension paradigm through both legislative and regulatory actions The dangers of using a return assumption with an embedded risk premium to value pension promises Strategies for using a "game theory" framework to design collaborative pension plans destined to remain collaborative How three highly successful pension plans combine optimal value and strong governance for their stakeholders Why decisions based on the "capital asset pricing model," long accepted as gospel by devotees of long-term stock market investing, can be dangerously wrong-headed But more than just exposing the flaws of today's pension approaches, Pension Revolution proposes a new arrangement-the revolutionary and practical TOPS (The Optimal Pension System) approach. The TOPS approach, currently in use by only a handful of successful plans including the highly respected TIAA-CREF system in the United States, effectively controls costs and conflicts while creating a new class of informed, independent, long-horizon investors. Pension Revolution provides a step-by-step primer on how and why TOPS represents the future of responsive, responsible pension plan design and management, and what you can do to install TOPS-style effectiveness into your own program. As decades of ineffective pension fund governance runs up against the hard reality of today's burgeoning class of retirees, traditional pension plans are living on borrowed dollars and borrowed time. Pension Revolution explains what decision-makers can and must do-starting today-to reverse this dangerous course, and place the provision of retirement income for millions of workers on a sustainable track.
Reviews
Review Quotes
"Well documented, the author makes it clear that it is time to change our thinking about asset management." ( Investment & Pensions Europe, April 2007) "a valuable tool in raising awareness of the current climate and provides people with the information they need " (Pensions World, May 2007)
"I enjoyed reading the book...Well documented, the author makes it clear that it is time to change our thinking about asset management." ( Investment & Pensions Europe, April 2007) "This book is a valuable tool in raising awareness of the current climate and provides people with the information they need to create efficient pension solutions in the future." (Pensions World, May 2007)
"I enjoyed reading the book...Well documented, the author makes it clear that it is time to change our thinking about asset management." (Investment & Pensions Europe, April 2007)"This book is a valuable tool in raising awareness of the current climate and provides people with the information they need to create efficient pension solutions in the future." (Pensions World, May 2007)
"I enjoyed reading the book...Well documented, the author makes it clear that it is time to change our thinking about asset management." ( Investment & Pensions Europe, April 2007) "This book is a valuable tool in raising awareness of the current climate and provides people with the information they need to create efficient pension solutions in the future." (Pensions World, May 2007) "The tectonic plates of governance reform have totally transformed the landscape of governance in publicly traded corporations. Now, Ambachtsheer challenges the owners of those corporations, the institutional investors, to examine themselves and to reform their own fiduciary practices." -David Beatty, Managing Director, Canadian Coalition for Good Governance, Canada "I discovered Keith Ambachtsheer''s cutting-edge ideas and thinking a decade ago, and only wish I had discovered him sooner. Ambachtsheer offers intelligent and practical strategic thinking about pension governance, benefit design, and investment policy. If you are struggling with the pension crisis, you owe it to yourself to read the Pension Revolution ." -David Blitzstein, Director, Negotiated Benefits Department, United Food & Commercial Workers International Union, U.S.A. "Retirement plans are a critical part of both the social systems and the financial systems of the free world. They are failing on both counts. Turning failure to success will be no mean task, and there is no better place to begin than Pension Revolution . It demands your attention." -Jack Bogle, Founder and Former CEO, The Vanguard Group, U.S.A. "Over the years, Keith Ambachtsheer has triggered pension funds around the world with ground breaking initiatives like CEM and his insightful ''Ambachtsheer Letters.'' This book is no exception to this impressive tradition. The issues raised in this book should be in the forefront of the minds of trustees, pension professionals and regulators. Pension Revolution will definitely be one of the key contributions to the pension debate and the challenge to design sustainable pension systems." -Else Bos, CEO, PGGM Investments, The Netherlands "Yet another revolution in pensions! This one is about the very future of private pensions, their design, benefits, funding and the distribution of risk. As we would expect from Keith Ambachtsheer, this book combines perceptive and informed assessment of the issues with a way forward. This is nothing short of Drucker''s world re-written for the twenty-first century." -Gordon Clark, Professor of Geography and Director of the Oxford University Centre for the Environment, Oxford University,U.K. "Financing retirement income has reached crisis proportions around the world. Keith has thought as much as anyone about how to best redeem and redefine societies'' vital, yet frail structures for delivering income to workers once they retire. Here in one place you get the benefit of that accumulated wisdom." -Richard Ennis, Co-founder and Chairman, Ennis Knupp + Associates, U.S.A., and Editor, Financial Analysts Journal "I have known and worked with Keith for many years and look forward to the next chapter in his analysis of the pension fund business. I anticipate a thought provoking "solution" which will no doubt impact how many of us think about our business going forward." -Nancy Everett, President and Chief Executive Officer, General Motors Asset Management, U.S.A. "While I don''t necessarily agree with all of Keith''s pension revolution conclusions and proposed solutions, I do believe there is great value in seriously considering the issues. This thought-provoking book makes a substantial contribution to promoting that highly desirable end result." -Gary Findlay, Executive Director, Missouri State Employees'' Retirement System, U.S.A. "A cure for pension ills? Founded on problems so well defined and incorporating relevant factors so well described in his earlier works, Keith''s Pension Revolution is surely an excellent prescription. Whether it is a cure is up to those of us with oversight responsibilities." -Michael Grandin, Corporate Director and former Dean, Haskayne School of Business, University of Calgary, Canada "Keith Ambachtsheer is one of the few pension thinkers consistently worth (re-)reading. His writings push all stakeholders towards clarity of purpose, governance, measurement, expression, and execution. Ineluctably his TOPS model offers a new vision for future pension deals." -Jack Gray, Global Investment Strategist, GMO Australia Limited and Advisor to Sunsuper, Australia "When it comes to investment and pension funds, Keith has spend more time than anyone thinking, researching, writing and talking about how to get better investment performance and pension outcomes. Pension systems around the world are at a crossroad. The book is a must read for decision makers as well as plan participants." -Claude Lamoureux, President & Chief Executive Officer, Ontario Teachers'' Pension Plan, Canada "No one in the world knows more about Pension Funds than Keith Ambachtsheer. Pension Revolution exactly elucidates the causes of the global pension crisis and offers a comprehensive blueprint for pension reform." -Burton Malkiel, Professsor of Economics, Princeton University, U.S.A., and author of "A Random Walk Down Wall Street" "As a keen reader of Keith''s ''Ambachtsheer Letters'', I know his writings to be thought-provoking, bar-raising, and innovative. His new book is a ''must-read'' for anyone involved in pension fund management. Putting his ideas in practice will benefit pension plan members around the world." -Roderick Munsters, Chief Investment Officer, ABP Pensionfund, The Netherlands
"The tectonic plates of governance reform have totally transformed the landscape of governance in publicly traded corporations. Now, Ambachtsheer challenges the owners of those corporations, the institutional investors, to examine themselves and to reform their own fiduciary practices." -David Beatty, Managing Director, Canadian Coalition for Good Governance, Canada "I discovered Keith Ambachtsheer's cutting-edge ideas and thinking a decade ago, and only wish I had discovered him sooner. Ambachtsheer offers intelligent and practical strategic thinking about pension governance, benefit design, and investment policy. If you are struggling with the pension crisis, you owe it to yourself to read the Pension Revolution." -David Blitzstein, Director, Negotiated Benefits Department, United Food & Commercial Workers International Union, U.S.A. "Retirement plans are a critical part of both the social systems and the financial systems of the free world. They are failing on both counts. Turning failure to success will be no mean task, and there is no better place to begin than Pension Revolution. It demands your attention." -Jack Bogle, Founder and Former CEO, The Vanguard Group, U.S.A. "Over the years, Keith Ambachtsheer has triggered pension funds around the world with ground breaking initiatives like CEM and his insightful 'Ambachtsheer Letters.' This book is no exception to this impressive tradition. The issues raised in this book should be in the forefront of the minds of trustees, pension professionals and regulators. Pension Revolution will definitely be one of the key contributions to the pension debate and the challenge to design sustainable pension systems." -Else Bos, CEO, PGGM Investments, The Netherlands "Yet another revolution in pensions! This one is about the very future of private pensions, their design, benefits, funding and the distribution of risk. As we would expect from Keith Ambachtsheer, this book combines perceptive and informed assessment of the issues with a way forward. This is nothing short of Drucker's world re-written for the twenty-first century." -Gordon Clark, Professor of Geography and Director of the Oxford University Centre for the Environment, Oxford University,U.K. "Financing retirement income has reached crisis proportions around the world. Keith has thought as much as anyone about how to best redeem and redefine societies' vital, yet frail structures for delivering income to workers once they retire. Here in one place you get the benefit of that accumulated wisdom." -Richard Ennis, Co-founder and Chairman, Ennis Knupp + Associates, U.S.A., and Editor, Financial Analysts Journal "I have known and worked with Keith for many years and look forward to the next chapter in his analysis of the pension fund business. I anticipate a thought provoking "solution" which will no doubt impact how many of us think about our business going forward." -Nancy Everett, President and Chief Executive Officer, General Motors Asset Management, U.S.A. "While I don't necessarily agree with all of Keith's pension revolution conclusions and proposed solutions, I do believe there is great value in seriously considering the issues. This thought-provoking book makes a substantial contribution to promoting that highly desirable end result." -Gary Findlay, Executive Director, Missouri State Employees' Retirement System, U.S.A. "A cure for pension ills? Founded on problems so well defined and incorporating relevant factors so well described in his earlier works, Keith's Pension Revolution is surely an excellent prescription. Whether it is a cure is up to those of us with oversight responsibilities." -Michael Grandin, Corporate Director and former Dean, Haskayne School of Business, University of Calgary, Canada "Keit
"The tectonic plates of governance reform have totally transformed the landscape of governance in publicly traded corporations. Now, Ambachtsheer challenges the owners of those corporations, the institutional investors, to examine themselves and to reform their own fiduciary practices." -David Beatty, Managing Director, Canadian Coalition for Good Governance, Canada "I discovered Keith Ambachtsheer''s cutting-edge ideas and thinking a decade ago, and only wish I had discovered him sooner. Ambachtsheer offers intelligent and practical strategic thinking about pension governance, benefit design, and investment policy. If you are struggling with the pension crisis, you owe it to yourself to read the Pension Revolution ." -David Blitzstein, Director, Negotiated Benefits Department, United Food & Commercial Workers International Union, U.S.A. "Retirement plans are a critical part of both the social systems and the financial systems of the free world. They are failing on both counts. Turning failure to success will be no mean task, and there is no better place to begin than Pension Revolution . It demands your attention." -Jack Bogle, Founder and Former CEO, The Vanguard Group, U.S.A. "Over the years, Keith Ambachtsheer has triggered pension funds around the world with ground breaking initiatives like CEM and his insightful ''Ambachtsheer Letters.'' This book is no exception to this impressive tradition. The issues raised in this book should be in the forefront of the minds of trustees, pension professionals and regulators. Pension Revolution will definitely be one of the key contributions to the pension debate and the challenge to design sustainable pension systems." -Else Bos, CEO, PGGM Investments, The Netherlands "Yet another revolution in pensions! This one is about the very future of private pensions, their design, benefits, funding and the distribution of risk. As we would expect from Keith Ambachtsheer, this book combines perceptive and informed assessment of the issues with a way forward. This is nothing short of Drucker''s world re-written for the twenty-first century." -Gordon Clark, Professor of Geography and Director of the Oxford University Centre for the Environment, Oxford University,U.K. "Financing retirement income has reached crisis proportions around the world. Keith has thought as much as anyone about how to best redeem and redefine societies'' vital, yet frail structures for delivering income to workers once they retire. Here in one place you get the benefit of that accumulated wisdom." -Richard Ennis, Co-founder and Chairman, Ennis Knupp + Associates, U.S.A., and Editor, Financial Analysts Journal "I have known and worked with Keith for many years and look forward to the next chapter in his analysis of the pension fund business. I anticipate a thought provoking "solution" which will no doubt impact how many of us think about our business going forward." -Nancy Everett, President and Chief Executive Officer, General Motors Asset Management, U.S.A. "While I don''t necessarily agree with all of Keith''s pension revolution conclusions and proposed solutions, I do believe there is great value in seriously considering the issues. This thought-provoking book makes a substantial contribution to promoting that highly desirable end result." -Gary Findlay, Executive Director, Missouri State Employees'' Retirement System, U.S.A. "A cure for pension ills? Founded on problems so well defined and incorporating relevant factors so well described in his earlier works, Keith''s Pension Revolution is surely an excellent prescription. Whether it is a cure is up to those of us with oversight responsibilities." -Michael Grandin, Corporate Director and former Dean, Haskayne School of Business, University of Calgary, Canada "Keith Ambachtsheer is one of the few pension thinkers consistently worth (re-)reading. His writings push all stakeholders towards clarity of purpose, governance, measurement, expression, and execution. Ineluctably his TOPS model offers a new vision for future pension deals." -Jack Gray, Global Investment Strategist, GMO Australia Limited and Advisor to Sunsuper, Australia "When it comes to investment and pension funds, Keith has spend more time than anyone thinking, researching, writing and talking about how to get better investment performance and pension outcomes. Pension systems around the world are at a crossroad. The book is a must read for decision makers as well as plan participants." -Claude Lamoureux, President & Chief Executive Officer, Ontario Teachers'' Pension Plan, Canada "No one in the world knows more about Pension Funds than Keith Ambachtsheer. Pension Revolution exactly elucidates the causes of the global pension crisis and offers a comprehensive blueprint for pension reform." -Burton Malkiel, Professsor of Economics, Princeton University, U.S.A., and author of "A Random Walk Down Wall Street" "As a keen reader of Keith''s ''Ambachtsheer Letters'', I know his writings to be thought-provoking, bar-raising, and innovative. His new book is a ''must-read'' for anyone involved in pension fund management. Putting his ideas in practice will benefit pension plan members around the world." -Roderick Munsters, Chief Investment Officer, ABP Pensionfund, The Netherlands
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Summaries
Back Cover Copy
Praise for Pension Revolution "When Keith Ambachtsheer puts his keen mind to work on a problem, watch out! Here he exposes today's fragile arrangements for the most serious social dilemma of our times-financing retirement. Then he provides a compelling and powerful set of solutions. His writings are essential reading for all who care about the future of American living standards." -Peter Bernstein, founder and President, Peter L. Bernstein, Inc., and author of Capital Ideas and Against the Gods "This book describes one of the most ingenious inventions in the history of mankind: pension funds offering credible promises about old-age income. It reads like a thriller: how can well-governed pension funds be created in an imperfect world in which mortals wrestle with foibles and moral shortcomings? One of the world's leading experts on pensions searches for the answer-and finds it." -Lans Bovenberg, Scientific Director, Network for Studies on Pensions, Aging, and Retirement, Tilburg University, The Netherlands " Pension Revolution exposes the inadequacies of current pension systems and persuasively makes the case for the fundamental changes that are needed. It is essential reading for both the pension industry and policymakers." -Elizabeth Bryan, Chair, Investment Committee, Unisuper Management PM Ltd, Australia "Most analyses of complicated issues deal with complexity by simplifying or only looking at one piece-part, and, in doing so, provide limited value. In stark contrast, Keith Ambachtsheer boldly wades into the complexity in Pension Revolution to come up with a valuable integrative solution. He is a most welcome revolutionary!" -Roger Martin, Dean, Joseph L. Rotman School of Management, University of Toronto, Canada "We have known Keith for over ten years, and consistently over that time, he has constructively and comprehensively challenged conventional wisdom. He has done this so effectively that many of his initial thoughts have now become universally accepted norms. Such is his energy however that he continues to push the boundaries of pension and investment thinking." -Peter Moon, Chief Investment Officer, Universities Superannuation Scheme Ltd, UK " Pension Revolution not only explains the shortcomings of the existing pension system and the underlying design features that have resulted in the current pension upheaval. It also offers thoughtful and creative suggestions for prospective pension design. A must-read for anyone interested in the future of retirement finance." -James Poterba, Professor of Economics, Massachusetts Institute of Technology and a member of the TIAA-CREF Board of Trustees
Bowker Data Service Summary
Organised around seven broad themes - from the politics and governance issues of pensions to the measurement and management of risk, this guide reveals new pension design called T.O.P.S. - The Optimal Pension System.
Long Description
A leader in the world of pensions offers a new vision for pension plan management Organized around seven broad themes- from the politics and governance issues of pensions to the measurement and management of risk- this insightful guide reveals new pension design called " T.O.P.S." - The Optimal Pension System." Keith Ambachtsheer (Toronto, ON, Canada) is the Director of the Rotman International Centre for Pension Management at the University of Toronto.
Main Description
Praise for Pension Revolution "When Keith Ambachtsheer puts his keen mind to work on a problem, watch out! Here he exposes today's fragile arrangements for the most serious social dilemma of our times-financing retirement. Then he provides a compelling and powerful set of solutions. His writings are essential reading for all who care about the future of American living standards." -Peter Bernstein, founder and President, Peter L. Bernstein, Inc., and author of Capital Ideas and Against the Gods "This book describes one of the most ingenious inventions in the history of mankind: pension funds offering credible promises about old-age income. It reads like a thriller: how can well-governed pension funds be created in an imperfect world in which mortals wrestle with foibles and moral shortcomings? One of the world's leading experts on pensions searches for the answer-and finds it." -Lans Bovenberg, Scientific Director, Network for Studies on Pensions, Aging, and Retirement, Tilburg University, The Netherlands "Pension Revolution exposes the inadequacies of current pension systems and persuasively makes the case for the fundamental changes that are needed. It is essential reading for both the pension industry and policymakers." -Elizabeth Bryan, Chair, Investment Committee, Unisuper Management PM Ltd, Australia "Most analyses of complicated issues deal with complexity by simplifying or only looking at one piece-part, and, in doing so, provide limited value. In stark contrast, Keith Ambachtsheer boldly wades into the complexity in Pension Revolution to come up with a valuable integrative solution. He is a most welcome revolutionary!" -Roger Martin, Dean, Joseph L. Rotman School of Management, University of Toronto, Canada "We have known Keith for over ten years, and consistently over that time, he has constructively and comprehensively challenged conventional wisdom. He has done this so effectively that many of his initial thoughts have now become universally accepted norms. Such is his energy however that he continues to push the boundaries of pension and investment thinking." -Peter Moon, Chief Investment Officer, Universities Superannuation Scheme Ltd, UK "Pension Revolution not only explains the shortcomings of the existing pension system and the underlying design features that have resulted in the current pension upheaval. It also offers thoughtful and creative suggestions for prospective pension design. A must-read for anyone interested in the future of retirement finance." -James Poterba, Professor of Economics, Massachusetts Institute of Technology and a member of the TIAA-CREF Board of Trustees
Main Description
Praise for Pension Revolution "When Keith Ambachtsheer puts his keen mind to work on a problem, watch out! Here he exposes today's fragile arrangements for the most serious social dilemma of our times--financing retirement. Then he provides a compelling and powerful set of solutions. His writings are essential reading for all who care about the future of American living standards." --Peter Bernstein, founder and President, Peter L. Bernstein, Inc., and author of Capital Ideas and Against the Gods "This book describes one of the most ingenious inventions in the history of mankind: pension funds offering credible promises about old-age income. It reads like a thriller: how can well-governed pension funds be created in an imperfect world in which mortals wrestle with foibles and moral shortcomings? One of the world's leading experts on pensions searches for the answer--and finds it." --Lans Bovenberg, Scientific Director, Network for Studies on Pensions, Aging, and Retirement, Tilburg University, The Netherlands "Pension Revolution exposes the inadequacies of current pension systems and persuasively makes the case for the fundamental changes that are needed. It is essential reading for both the pension industry and policymakers." --Elizabeth Bryan, Chair, Investment Committee, Unisuper Management PM Ltd, Australia "Most analyses of complicated issues deal with complexity by simplifying or only looking at one piece-part, and, in doing so, provide limited value. In stark contrast, Keith Ambachtsheer boldly wades into the complexity in Pension Revolution to come up with a valuable integrative solution. He is a most welcome revolutionary!" --Roger Martin, Dean, Joseph L. Rotman School of Management, University of Toronto, Canada "We have known Keith for over ten years, and consistently over that time, he has constructively and comprehensively challenged conventional wisdom. He has done this so effectively that many of his initial thoughts have now become universally accepted norms. Such is his energy however that he continues to push the boundaries of pension and investment thinking." --Peter Moon, Chief Investment Officer, Universities Superannuation Scheme Ltd, UK "Pension Revolution not only explains the shortcomings of the existing pension system and the underlying design features that have resulted in the current pension upheaval. It also offers thoughtful and creative suggestions for prospective pension design. A must-read for anyone interested in the future of retirement finance." --James Poterba, Professor of Economics, Massachusetts Institute of Technology and a member of the TIAA-CREF Board of Trustees
Table of Contents
Preface
Pension Revolution: Here at Last
Introduction: Why a Pension Revolution Now? The Trouble with DB Plans
DC Plans Are Not the Answer Either
Expert Pension Co-ops
TOPS Tipping Points
The Pension Revolution: Touchstones
Are Pension Funds "Irrelevant"? An "Unreasonable" Actuary? Exley's Four Irrelevance Propositions
So What Is Relevant? Responding to Exley
Relevant Pension Funds: Building the Case
Managing Retirement Income Risks
Leveling the Informational Playing Field
Getting the Execution of the Idea Right
The Pension Revolution_Are You a Believer Yet? A Revolutionary Reordering of the Pensions Firmament
From Fuzzy Pension Deals to "Risk-Sharing Co-ops." Toward Pension "Business Models" That Work: The Risk Issue
Toward Pension "Business Models" That Work: The Scale Issue
The Pension Governance Issue
Two Role Models
PGGM
SunSuper
Great Treasures?
After the Perfect Pension Storm: What Now? From Vegas to Oxford: In Search of Answers
Do Nothing or Something? The Corporate Context: Two Basic Choices
New DC Plan ''Business Model'' Also Needed
The Industry/Public-Sector Pension Context
The "Fair Value" Question
Better Public Pensions Policy
Beyond Portfolio Theory: The Next Frontier
Investment Theory's Next Frontier: The Academic View
Investment Theory's Next Frontier: Two Further Considerations
The Next Frontier: "Integrative Investment Theory."
The United Airlines Case: Tipping Point for U.S
Pension System? The United Airlines Case
A Good Question and Two Very Different Answers
Erisa's "Sole Interest" Rule
Lessons from Abroad
Searching for "Supreme" Answers
The UAL Case in Context
Peter Drucker's Pension Revolution After 30 Years: Not Over Yet
Two Unfashionable Themes
Politico-Agency Issues
Pension Contract and Risk Issues
Investment Beliefs
Pension Fund Governance
Still Much Work to Do
Winning the Pension Revolution: Why the Dutch Are Leading the Way
The Globe's Number One Pensions Country
Culture, Compactness, and Leadership
Regulatory Leadership
Research Leadership
A Remaining Challenge: Solving the Organization Design Puzzle
What About the Other Pensions Countries?
Pension Reform: Evolution or Revolution? A Pension "Tipping Point" Indeed
What Should Happen? Pension Reform in the United States
Pension Reform Elsewhere
Pension Reform: Evolution or Revolution?
Building Better Pension Plans
Can Game Theory Help Build Better Pension Plans? Pension Games
Why do Pension Game Switches Occur? Who Are the Stakeholders and What do They Want? Sources of Risk in Pension Schemes
Mitigating Micro Risks
Can We Mitigate Macro Risks? Is Investment Risk Worth Taking in DB Plans? Can Game Theory Build Better Pension Plans?
If DB and DC Plans Are Not the Answers, What Are the Questions? From Answers to Questions
Ultimate Pension Questions and Their Consequences
Underwriting Pension Mismatch Risk: Any Volunteers? Should Pension Mismatch Risk Be Minimized? Pension-Delivery Institutions
Benchmarking Traditional DB and DC Plans
The Way Ahead
Human Foibles and Agency Dysfunction: Building Pension Plans for the Real World
Some Fundamental Questions First
Back to First Principles
Human Foibles
Agency Issues
Counteracting Human Foibles
Minimizing Agency Costs
TOPS, Employers, and Public Policy
TOPS and DB Plans
DB Plans and Bad Science
Science and the Design of Pension Contracts
The TOPS Contract
Taking on Investment Risk: Implicationsb
Table of Contents provided by Publisher. All Rights Reserved.

This information is provided by a service that aggregates data from review sources and other sources that are often consulted by libraries, and readers. The University does not edit this information and merely includes it as a convenience for users. It does not warrant that reviews are accurate. As with any review users should approach reviews critically and where deemed necessary should consult multiple review sources. Any concerns or questions about particular reviews should be directed to the reviewer and/or publisher.

  link to old catalogue

Report a problem