000			02003nam a2200325 a 4500
005			20181210064409.0
008			070816s2007 dcua b i000 0 eng d
010			_a 2007298430
020			_a9780821371176
020			_a0821371177
020			_a9780821371183 (eISBN)
020			_a0821371185 (eISBN)
035			_a(OCoLC)ocn156853511
035			_a(OCoLC)156853511
040			_aDJB _cDJB _dBAKER _dBD-DhBPA
050	0	0	_aHD7157 _b.F563 2007
082			_a352.409861 _bWOF 2007
245	0	0	_aFinancial sector dimensions of the Colombian pension system / _cHeinz Rudolph ... [et al.].
260			_aWashington, D.C. : _bWorld Bank, _cc2007.
300			_aix, 76 p. : _bill. ; _c26 cm.
440		0	_aWorld Bank working paper ; _x1726-5878 ; _vno. 106 _995755
504			_aIncludes bibliographical references (p. 75-76).
520	3		_aThis paper provides an assessment of the funded pension system and the quality of the regulatory framework for both accumulation and payout phase. It suggests that the lack of portfolio diversification may contribute in the future to low returns and poor pensions and provides a number of recommendation to expand the opportunities of investments to pension funds. The paper also finds that pension fund administrators are not exploiting the scale economies in certain areas of the business such as collection of revenues and account management, and propose mechanisms to reduce costs and increase efficiency through greater competition. The paper examines the products and options offered at the retirement age and finds a bias toward the payment of pensions in the form of lump sums and suggests alternatives for improving the availability of other instruments. Enhancements in the regulatory framework of insurance companies are also proposed.
590			_aZahid
650		0	_aPensions _zColombia. _995756
650		0	_aPension trusts _zColombia. _946030
700	1		_aRudolph, Heinz P. _995757
710	2		_aWorld Bank. _995758
942			_2ddc _cBK
999			_c33414 _d33414