It takes the average reader 1 hour and 5 minutes to read Competition and Performance in the Polish Second Pillar by Heinz P. Rudolph
Assuming a reading speed of 250 words per minute. Learn more
This paper provides an assessment of the Polish funded pension system and the quality of the regulatory framework for the accumulation phase. There are two elements that distinguish the Polish pension fund portfolios from other reforming countries: the relatively high component of domestic equity, and the negligible component on international securities. Although this asset allocation has provided relatively high real rates of return in the past, it may not be the case in the future, as further portfolio diversification to other instruments will become necessary to ensure sustainable rates of return. The paper provides a number of recommendations to expand the opportunities of investments to pension funds. Pension fund management companies have been able to exploit scale economies in certain areas of the business, such as collection of revenues. This study proposes mechanisms to enhance them even more by centralizing also the account management system, which may also help to increase portfolio efficiency and competition. With the payout phase starting in 2009, broad definitions in areas such as the role of the public and private sector need to be established. The paper examines products and options that authorities may consider for the design of the payout phase.
Competition and Performance in the Polish Second Pillar by Heinz P. Rudolph is 64 pages long, and a total of 16,256 words.
This makes it 22% the length of the average book. It also has 20% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 28 minutes to read Competition and Performance in the Polish Second Pillar aloud.
Competition and Performance in the Polish Second Pillar is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
Competition and Performance in the Polish Second Pillar by Heinz P. Rudolph is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.
To buy Competition and Performance in the Polish Second Pillar by Heinz P. Rudolph on Amazon click the button below.
Buy Competition and Performance in the Polish Second Pillar on Amazon