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The Politics of Rule Development: A Case Study of Australian Pension Fund Accounting Rule‐Making

open access: closedAbacus, 1994
Describing the politics surrounding accounting rule development may provide greater insights to such processes than analysing written submissions to rule‐making bodies. Over a twenty‐year period a rule‐making contest evolved between the accounting profession and an alliance of pension industry interest groups over the introduction of different forms of
Paul J. M. Klumpes
semanticscholar   +3 more sources
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Optimal supervisory rules for pension funds under diverse pension security mechanisms

European Actuarial Journal, 2013
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Chen, An, Clever, Simona
openaire   +3 more sources

Is the 60–40 Stock–Bond Pension Fund Rule Wise?

open access: closedThe Journal of Portfolio Management, 2013
Pension funds typically suggest the 60–40 stock–bond rule to lower risk, as bonds tend to rise during stock market declines. However, U.S. investment returns have depended on the presidential party in power, and returns in the last two years of all administrations exceed those in the first two years. The strategies using small-cap stocks with Democrats
William T. Ziemba
openalex   +2 more sources

Smoothing the waves of pension funding: Could changes in funding rules help avoid cyclical under‐funding?

open access: closedThe Journal of Policy Reform, 2005
Defined benefit pensions are still an important part of retirement income security for 44 million people. After 2000, these plans experienced extreme difficulties. Although the magnitude of the problem was unprecedented, its causes were not. Interest rate and asset prices decline in a recession, when earnings are low. Pension funding rules reflect this
Christian E. Weller, Dean Baker
openalex   +2 more sources

Is the 60-40 Stock-Bond Pension Fund Rule Wise?

open access: closedSSRN Electronic Journal, 2016
Pension funds typically suggest the 60-40 stock-bond rule to lower risk as during stock market declines bonds tend to rise. However, US investment returns have been presidential party dependent; and returns in the last two years of all administrations exceed those in the first two years.
William T. Ziemba
openalex   +2 more sources

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