Publication:
Supervision : Building Public Confidence in Mandatory Funded Pensions

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dc.contributor.authorWhitehouse, Edward
dc.date.accessioned2012-08-13T14:32:11Z
dc.date.available2012-08-13T14:32:11Z
dc.date.issued2005-01
dc.description.abstractThe regulation and supervision of individual pension accounts has been a neglected issue. In contrast, much has been written on financing the transition to funded pensions and the design of benefits. Yet effective regulation and efficient supervision are crucial to the success of pension reform. This note explores six issues in the design of a supervisory regime. It makes some comparisons between the performances of agencies in different countries and looks at four important areas of supervision : institutional and financial controls, and membership and benefits procedures. Some of the conclusions presented in this note are : professional expertise, transparency and perceived independence of supervisory agencies is essential to the success of pension reform; in countries where existing regulation is weak or ineffective, a new, separate agency is probably best placed (but not certain) to avoid repeating past failures; administrative independence is similarly preferable; salaries must be competitive with the private sector (and remain so) to recruit qualified personnel from public and private sectors and to limit corruption risk; separation of regulation and supervision can help limit the risk of regulatory capture.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/01/6265727/supervision-building-public-confidence-mandatory-funded-pensions
dc.identifier.doi10.1596/11240
dc.identifier.urihttps://hdl.handle.net/10986/11240
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesWorld Bank Pension Reform Primer Series
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAUDITS
dc.subjectAUTHORITY
dc.subjectAUTHORIZATION
dc.subjectBANKING SYSTEM
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANKS
dc.subjectCORRUPTION
dc.subjectECONOMIES OF SCOPE
dc.subjectENTITLEMENTS
dc.subjectEXPENDITURES
dc.subjectFINANCIAL AUTONOMY
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL REQUIREMENTS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEM
dc.subjectFUNDED PENSION SYSTEMS
dc.subjectFUNDED PENSIONS
dc.subjectGOVERNMENT OFFICIALS
dc.subjectGOVERNMENT REVENUES
dc.subjectINSTITUTIONAL ARRANGEMENTS
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE
dc.subjectLATIN AMERICAN
dc.subjectLEGISLATION
dc.subjectLIQUIDATION
dc.subjectMINISTRIES OF FINANCE
dc.subjectMULTIPILLAR PENSION SCHEMES
dc.subjectPENSION FUND
dc.subjectPENSION FUNDS
dc.subjectPENSION REFORM
dc.subjectPENSION SCHEMES
dc.subjectPENSION SUPERVISION
dc.subjectPENSION SYSTEM
dc.subjectPRIVATE PENSION
dc.subjectPRIVATE PENSION FUNDS
dc.subjectPRIVATE PENSION SYSTEMS
dc.subjectPRIVATE SECTOR
dc.subjectREGULATORY POLICIES
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SECURITY
dc.subjectSUPERVISORY AGENCIES
dc.subjectSUPERVISORY AGENCY
dc.subjectSUPERVISORY REGIME
dc.subjectTAX
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectWAGES
dc.titleSupervision : Building Public Confidence in Mandatory Funded Pensionsen
dc.title.alternativeControle : batir la confiance du public dans les fonds capitalises de pension obligatoires La supersion : como generar confianza public en las pensiones capitalizadas obligatoriasen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T10:04:53.432900Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2005/01/6265727/supervision-building-public-confidence-mandatory-funded-pensions
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid544801468762635971
okr.guid270871468765576140
okr.guid592081468780331506
okr.identifier.externaldocumentum000011823_20050901171703
okr.identifier.internaldocumentum6265727
okr.identifier.report33387
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/09/01/000011823_20050901171703/Rendered/PDF/333870ENGLISH0PRPNoteSupervision.pdfen
okr.topicPublic Sector Economics
okr.topicPensions and Retirement Systems
okr.topicGovernance::National Governance
okr.topicBanks and Banking Reform
okr.topicEnvironmental Economics and Policies
okr.topicFinance and Financial Sector Development
okr.topicSocial Protections and Labor
okr.topicPublic Sector Development
okr.topicEnvironment
okr.unitSocial Protection Team (HDNSP)
okr.volume1 of 1
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