Management, Measurement and Oversight of Investment Risk in Bulgarian Voluntary Pension Funds

Nikolina Mareva; Georgi Georgiev

University of agribusiness and rural development, UARD Jubilee International Scientific Conference

Nikolina Mareva, Georgi Georgiev

Last modified: 2018-02-12

Abstract

The risk management is a key activity in all funded pension schemes. In defined contribution schemes, the benefits payable to the insured persons depend directly on the investment performance of the fund. Theory and practice provide different approaches for identifying and measuring investment risk in funded pension schemes. The article aims to analyse the management approaches and the methods for measuring the investment risk used by Bulgarian voluntary pension funds in their investment policies. Results from a survey of the risk management practices of 9 voluntary pension funds are presented

Keywords

risk management, investment risk, investment policy, voluntary pension funds

References

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