000			02249cam a22003857a 4500
001			wbnk9780821371176
005			20260707173119.0
006			m d
007			cr mn|
008			070816s2007 dcua sb i000 0 eng d
010			_a 2007298430
020			_a
020			_a9780821371176
040			_aDJB _cDJB _dBAKER _dDLC
035			_a(OCoLC)ocn156853511
035			_a(OCoLC)156853511
042			_alccopycat
043			_as-ck---
050	0	0	_aHD7157 _b.F563 2007
090			_c50935 _d50931
245	0	0	_aFinancial Sector Dimensions of the Colombian Pension System _h[electronic resource]
260			_aWashington, D.C. : _bWorld Bank, _cc2007.
300			_aix, 76 p. : _bill. ; _c26 cm.
440		0	_aWorld Bank working paper ; _x1726-5878 ; _vno. 106 _942724
504			_aIncludes bibliographical references (p. 75-76).
520	3		_aThis paper provides an assessment of the funded pension system and the quality of the regulatory framework for both accumulation and payout phase. It suggests that the lack of portfolio diversification may contribute in the future to low returns and poor pensions and provides a number of recommendation to expand the opportunities of investments to pension funds. The paper also finds that pension fund administrators are not exploiting the scale economies in certain areas of the business such as collection of revenues and account management, and propose mechanisms to reduce costs and increase efficiency through greater competition. The paper examines the products and options offered at the retirement age and finds a bias toward the payment of pensions in the form of lump sums and suggests alternatives for improving the availability of other instruments. Enhancements in the regulatory framework of insurance companies are also proposed.
533			_aElectronic reproduction. _b[Washington, D.C.] : _cWorld Bank Group, _d[2007]. _f(World Bank e-Library)
539			_as _b2007 _ddcu _en _gs
650		0	_aPensions _zColombia. _969947
650		0	_aPension trusts _zColombia. _973978
700	1		_aRudolph, Heinz P. _973979
710	2		_aWorld Bank. _92465
830		0	_aWorld Bank e-Library.
856	4	0	_uhttp://www.worldbank.icebox.ingenta.com/content/wb/2423
999			_c50935 _d50931