Definition
“Pension Fund Regulation and Governance” refers to the series of procedures, rules, and mechanisms that help to ensure transparency and accountability in the function and regulation of pension funds, along with a further emphasis on mitigating principal-agent problems and providing security and returns to principals.
Introduction
Pensions funds (PFs) are investment vehicles that serve far-reaching political, social, and economic functions. As economic entities, pension funds are an important instrument for the deployment of significant pools of savings and must therefore work to generate and provide substantial economic returns to their principals. As social entities, PFs provide principals with two important forms of security: one being in the tangible income that they disburse and the other being in the intangible psychological sense of...
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Chohan, U.W. (2018). Pension Fund Regulation and Governance. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3474-1
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DOI: https://doi.org/10.1007/978-3-319-31816-5_3474-1
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