Enabling Conditions For Second Pillars Of Pension Systems

Rudolph, Heinz P.; Rocha, Roberto

doi:10.1596/1813-9450-4890

Cited by 4 publications

(2 citation statements)

References 22 publications

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“…This allows such funds hold high risk and high return instruments. Accordingly, monies are intermediated by pension schemes into a variety of financial assets, which include corporate equities, government bonds, real estate, corporate debt (loans or bonds), securitized loans, foreign holdings of the instruments mentioned above and money market instruments and deposits as forms of liquidity (Rudolf & Rocha, 2009). Pensioners, as required by law, provide a steady flow of funds to pension schemes for many years.…”

Section: Introductionmentioning

confidence: 99%

Factors Affecting Investment Decisions of Pension Schemes in Kenya

Chepkoech

2017

strategicjournals.com

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This study sought to determine the factors affecting investment decisions of Pension schemes in Kenya. Its objectives were to: establish the effect of risk-return tradeoff on investment decisions of pension schemes in Kenya and determine the effect of macroeconomic factors on investment decisions of pension schemes in Kenya. It was conceptualized that investment decisions in pension schemes (dependent variable) were dependent on risk-return trade off and macroeconomic factors (the independent variables). The investment decisions of pension schemes depend on the overall influence of these factors. The study adopted the descriptive research design. The study sampled 125 fund managers from 1232 pension schemes using simple random stratified sampling techniques. Data was collected using questionnaire. Statistical Package for the Social Sciences (SPSS) was used to analyze the data. On the basis of the study findings, it was evident that risk-return trade off affected investment decisions of pension schemes in Kenya. It was made apparent that successful pension schemes investment should be one whose returns justify the risk taken. In this regard, it was evident that fund managers balanced the risk to ensure optimal return. Regarding the effect of macroeconomic factors on investment decisions of pension schemes in Kenya, it was evident that pension schemes investment decision were influenced by interest rates, capital markets performance, the rate of national economic growth and other macroeconomic factors before making investment decisions.

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Section: Introductionmentioning

confidence: 99%

Factors Affecting Investment Decisions of Pension Schemes in Kenya

Chepkoech

2017

strategicjournals.com

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“…For more details on preconditions for the introduction of funded pillars of pension systems, seeRudolph and Rocha (2009).7 On the other end of the spectrum is Poland, whose parliament in November 2016 approved the ruling party's plan to roll back the previous retirement age increases introduced in 2012, from 67 years to 65 years for men and 60 years for women.©International Monetary Fund. Not for Redistribution…”

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confidence: 99%