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How are 1bis pension pillar funds performing?

  1. TitleHow are 1bis pension pillar funds performing?
    Subtitlea cross-country analysis
    Author infoMichal Mešťan, Jan Šebo, Ivan Králik; [recenzované]
    Author Mešťan Michal 1991- (40%) UMBEF04 - Katedra financií a účtovníctva
    Co-authors Šebo Ján 1978- (30%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
    Králik Ivan 1992- (30%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
    Source document European financial systems 2017 : proceedings of the 14th international scientific conference, June 26-27, 2017, Brno, part 2. S. 52-59. - Brno : Masaryk University, 2017 ; European financial systems 2017 medzinárodná vedecká konferencia
    Keywords pension funds   pension pillar  
    LanguageEnglish
    CountryCzech Republic
    systematics 336
    AnnotationPrivate DC pension schemes implemented in CEE countries possess common features in the way how contributions are made, investment vehicles and investment management. As the investment risk and subsequent adequacy risk is effectively shifted onto savers, pension funds’ performance net of fees and inflation is of utmost importance for the sustainability of the pension schemes and ability to deliver expected results from the view of replacement ratios. Understanding the investment returns and the impact of fees under the comparative analysis is therefore our main objective. Object of our research are the particular investment vehicles (pension funds) in three countries: Slovakia, Estonia and Latvia. Subject of our research is the risk adjusted returns of analyzed pension funds provided under the 1bis pillar pension scheme in these countries. We use conventional Sharpe and Sortino ratio to assess the performance and confirm that even if there are no major differences in investment policies, the risk adjusted performance is vastly different even when comparing similar pension funds based on their portfolio structure. We also suggest that these differences in risk adjusted performance may result in vastly different pension pots and thus replacement ratios.
    Public work category AFC
    No. of Archival Copy40071
    Repercussion category CERNEVICIENE, Jurgita - KABASINSKAS, Audrius. Review of multi-criteria decision-making methods in finance using explainable artificial intelligence. in Frontiers in artificial intelligence. ISSN 2624-8212, 2022, vol. 5, art. no. 827584, pp. 1-16.
    KABASINSKAS, Audrius - SUTIENE, Kristina - KOPA, Milos - LUKSYS, Kestutis - BAGDONAS, Kazimieras. Dominance-based decision rules for pension fund selection under different distributional assumptions. In Mathematics. ISSN 2227-7390, 2020, vol. 8, no. 5, pp. 1-26.
    WALCZAK, Damian. Equality in old-age security In Poland. In European financial systems 2018: proceedings of the 15th international scientific conference. Brno : Masarykova univerzita, 2018. ISBN 978-80-210-8980-8, pp. 818-824.
    PADYSAK, Matus. Active versus passive : the case of Slovak guaranteed pension funds. In 8th international scientific conference of the economics, management and business 2023 : contemporary issues, insights and new challenges, Starý Smokovec, 28.-29. september 2023. Prešov : Prešovská univerzita v Prešove, 2023. ISBN 978-80-555-3215-8, pp. 763-772.
    Catal.org.BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici
    Databasexpca - PUBLIKAČNÁ ČINNOSŤ
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Number of the records: 1  

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