FIAP BULLETIN
April 2010: year 12, No. 1
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Robert C. Merton, 1997 Nobel Prize in Economics, will be participating at the 2010 FIAP International Seminar
We are pleased to report that Mr. Robert C. Merton, a professor at Harvard University, will be speaking at the 2010 FIAP nternational Seminar “Developing...
   
World Bank publishes new book "Evaluating the Financial Performance of Pension Funds"
On March 17, 2010, the World Bank officially launched the book "Evaluating the Financial Performance of Pension Funds". This book presents a critical...
   
AFP Union Capital from Uruguay and AFP Progreso from Panama join FIAP as Members
FIAP is pleased to report that AFP Unión Capital of Uruguay and AFP Progreso of Panama formally joined FIAP as Full “Type B” Members on February 25, 2010...
   
Oscar Franco assumes presidency of AMAFORE
Source: www.amafore.orgDate: February 2, 2010 In a Special Assembly session, the Mexican Association of Retirement Fund Managers (AMAFORE) appointed as...
   
Augusto Iglesias was appointed Undersecretary of Social Security and Rodrigo Acuña assumes in his place as FIAP's External Advisor
FIAP reports that on March 11, 2010, Mr. Augusto Iglesias, who used to be FIAP’s External Advisor, was appointed Deputy Secretary of Social Security in...
   
International News
Latin America
Argentina
Belgium
Bolivia
Brazil
Bulgaria
Colombia
Costa Rica
Chile
China
Slovakia
Spain
Europe
India
Maldives
Mexico
World
Panama
Peru
Poland
United Kingdom
Czech Republic
Dominican Republic
Romania
Serbia
Uruguay
   
Documents of Interest
The Effect of Age on Portfolio Choices: Evidence from an Italian Pension Fund - Bank of Italy - November 2009
Optimal Portfolio Theory suggests that investors should reduce their exposure to financial market risk as they get near...
Rethinking Survivor Benefits - Social Protection Discussion Paper No. 0928 - World Bank - December 2009
This paper provides a framework for analyzing the efficiency and equity of survivor benefit programs. These programs were...
Research Series No. 73 - In Spite of the Crisis: Multi-funds Have Met their Two Major Objectives - Chilean AFP Association - January 2010
This edition of a series of Studies (No. 73), prepared by the Research Department of the Chilean Association of AFPs, highlights...
Description and Analysis of the Multifund Systems in the Latin American and Eastern European Pension Systems - International Federation of Pension Fund Administrators (FIAP) - January 2010
The purpose of this document is to describe the regulations of the Multifund (or multiple portfolio) schemes in the different...
Multifondos Under Scrutiny - Funds People - January 2010
This article, drawn up by the Spanish magazine Funds People, reviews the main characteristics of the Multifunds schemes...
Long term profitability and replacement rates in the Mexican pension system – BBVA Working Paper No. 1001 – Economic Research Department - January 2010
This research analyzes the relevance of considering the different elements associated to the investment process for assessing...
IMF World Economic Outlook (WEO) Updte - A Policy-Driven, Multispeed Recovery - January 26, 2010
The global recovery is off to a stronger start than anticipated earlier but is proceeding at different speeds in the various...
How automatic adjustment factors affect the internal rate of return of PAYG pension systems - JPEF January 2010
In this paper the author analyze automatic adjustment factors that can be used to keep the budget of a PAYG pension system...
Consumer confusion: the choice of pension fund manager in Mexico - JPEF January 2010
The article shows that in markets with ‘‘noise’’, such as the pension fund manager industry in Mexico, an ample number of...
Performance and governance of Swiss pension funds - JPEF January 2010
The authors investigate the relationship between pension fund governance and investment performance. For this purpose, they...
The importance of asset allocation in Spanish equity pension plans - JPEF January 2010
Following the methodological approach taken by Ibbotson and Kaplan (2000), the authors provide evidence of a major contribution...
Incentive Effects of Unemployment Insurance Savings Accounts: Evidence from Chile - Discussion Paper No. 4681 - IZA - January 2010
This study examines the determinants of job-finding rates of unemployment benefit recipients under the Chilean program....
Retirement income and assets: outlook for the future - Pensions Policy Institute - February 2010
This is the final report in a series of four, looking at the evolution of needs for income during the course of retirement...
OECD survey on pension fund investment regulations - February 2010
This report describes the main quantitative investment regulations applied to pension funds in OECD and selected non-OECD...
Financial Savings of Families: Report 2009 and Outlook 2010 - INVERCO - February 2010
This report, drawn up by the Association of Collective Investment Institutions and Pension Funds (INVERCO) shows, among...
Social Security Programs Throughout the World: The Americas, 2009 - US Social Security Administration - March 2010
This report provides a cross-national comparison of the social security systems in 36 countries in the Americas, with updated...
Dynamic Social Security for Europe: Choice and Responsability - International Social Security Association (ISSA) - March 2010
This report provides a comprehensive survey of developments and trends in social security in the Europe region, including...
Bulletins
Informative Bulletin No. 19 ASOFONDOS - December 2009
This number of the bulletin highlights the fact that in December 2009, member workers of the mandatory pension funds obtained...
Multifunds Bulletin No. 27 - Chilean AFP Association - December 2009
2009 Balance Sheet: In One Year the Pension Funds Recovered the Value of Their Investments In January, 2010, the Chilean...
Lessons from the Chilean Experience on Infrastructure Funding via Private Pension Funds - BBVA Pension Trends - January 2010
Pension Trends is a regular publication of the Global Trends Unit of BBVA’s Research Service. In the last available edition...
BBVA Pension Highlights
The Pension Highlights Bulletin is a regular publication of the Global Trends Unit of the BBVA Research Service On this...
Conference Presentations
Presentations of the International Seminar on Priority Challenges in Pension Administration - Tokyo, January 2010
The Ministry of Health, Labour and Welfare of Japan, the International Social Security Association (ISSA) and the Project...
Presentations of the Seminar "Retirement income and assets: outlook for the future" - February 2010
The Pensions Policy Institute (PPI) held a seminar on 11 February 2010 to launch its latest report: Retirement income and...
Presentations of the Workshop on Pension Supervision for the CIS, Kaukas and the Central Asian region - Istanbul, Turkey, February 2010
The International Organisation of Pension Supervisors (IOPS), jointly with the Turkish Treasury, organized on 25-26 February...
Presentations of the "RBI-OECD Workshop Delivering Financial Literacy: Challenges, Approaches and Instruments" - Bangalore, India, March 2010
This conference, co-hosted by the Reserve Bank of India (RBI) and the OECD, with sponsorship of the Government of Japan,...
Presentations of the "DC Pensions Seminar" - EFRP - Brussels, March 2010
On March 15, 2010, in Brussels, the European Federation for Retirement Provision (EFRP) presented the results, which maps...
Upcoming Events
Year 2010
April
Webinar on 'Pension Fund Investments in Private Equity and Venture Capital: The Brazilian Case' - LAVCA
The Latin American Venture Capital Association (LAVCA) has extended a special invitation to FIAP members to attend a Webinar...
May
2010 FIAP International Seminar
FIAP, together with the Chilean AFP Association, is organizing the 2010 FIAP International Seminar “Developing the Potential...
Private Pensions Day 2010 - Romania
FIAR (THE INTERNATIONAL INSURANCE-REINSURANCE FORUM) is organizing the Annual Forum 2010 that will take place during days...
June
OECD - Bank of Italy Symposium on Financial Literacy: Improving Financial Education Efficiency
This high-level event, co-hosted by the Bank of Italy and the OECD, will convene a wide international audience of high-level...
Canadian Pension & Benefits Institute - Forum 2010
The Canadian Pension & Benefits Institute (CPBI) is organizing on June 21st and 22nd, 2010, the Forum 2010, in Halifax,...
August
Annual meeting of the "Retirement Research Consortium"
The University of Michigan Retirement Research Center (MRRC) is organizing on August 5 and 6, 2010, the Annual meeting of...
   
FIAP - International Federation of Pension Funds Administrators.

President: Guillermo Arthur Errázuriz · Executive Secretary: Gladys Otárola Santillana ·
Study Analyst: Manuel Tabilo Sanhueza ·
Administrative Assistant: Ana R. Tolosa Jerez ·
Address: Avda. 11 de septiembre 2155 - Tower C, Office 901, Floor 9, Providencia. Santiago, Chile
Telephone: (56-2) 381 1723, extensions 111-100-130 | Fax: (56-2) 3812655 | E-mail: fiap@fiap.cl

The publication of this Bulletin is made possible thanks to the colaboration of FIAP's members, who helped supplied information and commentaries.