The Future of Pension Management: Integrating Design, Governance, and Investing (Wiley Finance) - Tapa dura

A real-world look at the pension revolution underway The Future of Pension Management offers a progress report from the field, using actual case studies from around the world. In the mid-70s, Peter Drucker predicted that demographic dynamics would eventually turn pensions into a major societal issue; in 2007, author Keith Ambachsheer's book Pension Revolution laid out the ways in which Drucker's predictions had come to pass. This book provides a fresh look at the situation on the ground, and details the encouraging changes that have taken place in pension management concepts and practices. The challenges identified in 2007 are being addressed, and this report shows how design, management, and investment innovation have led to measurably better pension outcomes. Pensions have become an everyday news item, and people are rightly concerned about the security of their retirement in light of recent pension scandals and the global financial crisis. This book provides a note of encouragement, detailing the ways in which today's pensions are becoming more and more secure, and the new ideas and practices that are chipping away at the challenges. * Learn how pension management practices are improving * Examine the uptick in positive outcomes over recent years * Discover why pension investing is turning toward the long-term * Consider the challenges that remain and their possible solutions Drucker's vision of a needed pension revolution is unfolding in real time. Better pension designs, more effective pension governance, and more productive pension investing are mitigating many of the issues that threatened collapse. The Future of Pension Management provides a real-world update on the state of pensions today and a look forward to the changes we still need to make.

Praise for The Future of Pension Management

"No one has thought more about the issues related to managing pension money better or longer than Ambachtsheer. His writings are a must read for serious people with a desire to serve their beneficiaries well. This new book is destined to become a classic."
?Britt Harris, CIO, Teachers Retirement System of Texas, USA

"Ambachtsheer's latest book is both substantial and timely, bringing together the latest thinking on the global pensions industry. He mobilises both its theoretical and creative aspects in what is seen as an increasingly necessary and even righteous cause."
?Virginia Holmes, Board Chair, British Airways Pensions and Board Chair, Universities Superannuation Scheme Investment Management, UK

"Trustees of pension funds often decide on 'how' before they decide 'what' they should be doing. This book gets the order right: from objectives, to strategy, and then measuring outcomes. Keith has always been the leading voice of reason on pension fund design and management. This book is no exception."
?Brad Holzberger, CIO, QSuper, Australia

"Providing adequate pensions is a key challenge for ageing societies. In this new book, Ambachtsheer proves again his unique ability to combine theory and practice in unscrambling the complex problems surrounding pension design, governance, and investing. It is compulsory reading for all pension professionals around the globe."
?Klaas Knot, President, De Nederlandsche Bank, The Netherlands

"In his new book, Keith translates classic theory from famous economists into concrete solutions for pension funds. The result is essential reading for those who believe the future of pension management will start today."
?Geraldine Leegwater, CEO, ABN AMRO Pensioenfonds, and Board Member, ABP Pensioenfonds, The Netherlands

"Once again, Keith translates academic insights into the real world of pensions. He starts with pension delivery, from which he works backwards to deduce plan design, governance and investment strategy ? always with the objective to benefit plan members. Anyone with an interest in pensions will enjoy reading this book."
?Carsten Stendevad, CEO, Danish Labour Market Supplementary Pension (ATP), Denmark

"In his new book, Ambachtsheer has successfully combined all of the essential elements of our industry ? from plan design, to governance, to investment strategy. It is a must read for everyone in the pension industry, including policy makers, plan trustees, and investment managers."
?Mark Wiseman, CEO, CPP Investment Board, Canada