Chapter

The Path to Better Pension Plan Management

August Baker, Dennis E. Logue and Jack S. Rader

in Managing Pension and Retirement Plans

Published in print November 2004 | ISBN: 9780195165906
Published online July 2005 | e-ISBN: 9780199835508 | DOI: http://dx.doi.org/10.1093/019516590X.003.0022
 The Path to Better Pension Plan Management

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This chapter presents a synthesis of the topics discussed in the preceding chapters. Sensible pension management begins with a clear understanding of the purpose of the plan. The second step is establishing policies that govern investment and management activities. The primary purpose of policy is to provide useful guidelines for decision making and to communicate unambiguously to all parties what the plan is trying to do and how it is going about it. The issues of prudent behavior, investment management, managing plan investment managers, performance monitoring and evaluation, risk management, and success factors in pension management are discussed.

Keywords: pension plan management; investment management; investment managers; risk management; performance evaluation

Chapter.  4627 words. 

Subjects: Financial Markets

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