Pension Funds' Risk-Management Framework [E-Book]: Regulation and Supervisory Oversight / Fiona Stewart
Stewart, Fiona.
Paris : OECD Publishing, 2010
56 p. ; 21 x 29.7cm.
OECD Working Papers on Insurance and Private Pensions ; 40
Finance and Investment
Full Text
Drawing on the experience of the pensions and other financial sectors, this paper examines what sort of risk-management framework pension funds should have in place. Such frameworks are broken down into four main categories: management oversight and culture; strategy and risk assessment; control systems; and information and reporting. Ways in which supervisory authorities can check that such systems are operating are also considered, with a check list provided to assist pension supervisory authorities with their oversight of this important area.