OECD国家私有养老金在金融危机中的业绩及治理

2008年爆发的金融危机,对于世界经济产生了深刻的影响,其中一个非常重要的方面就是对养老金基金的影响。养老金基金在金融危机中大幅贬值,引起了人们对于过去三十多年的养老金制度改革的怀疑,是继续改革还是回到从前成为各国政府和理论界面临的一个难题。通过对OECD国家私有养老金基金的投资、业绩及治理情况的分析,我们基本上可以肯定,金融危机对于基金积累型的养老金制度的影响可能是巨大的,但却是暂时的,养老金基金的长期业绩是良好的。通过加强养老金基金的投资风险管理和合理的外部监督,私有养老金是能够成为人们退休收入保障的一个稳定的源泉的。

Performances in Financial Crisis and Regulation Improvements of Pension Funds in OECD

The financial crisis in 2008 causes many challenges to the world economy;one of them is the problem which the pension funds are facing,now.In the crisis,pension assets lost much of their values,this would make us consider whether the innovation of the pension system is right or not,going on or moving back is a difficulty choice before governments and the analysts.I studied the investment,performance and the regulation of the private pension funds,it confirmed that the financial crisis could give pension funds big troubles,but only in short terms,in the long run,the performance would be good.As long as we strengthen the investment risk management and the regulations,private pensions can be a steady source of the retired income securities.