|aA real-world look at the pension revolution underway The Future of Pension Management offers a progress report from the field, using actual case studies from around the world. In the mid-70s, Peter Drucker predicted that demographic dynamics would eventually turn pensions into a major societal issue; in 2007, author Keith Ambachsheer's book Pension Revolution laid out the ways in which Drucker's predictions had come to pass. This book provides a fresh look at the situation on the ground, and details the encouraging changes that have taken place in pension management concepts and practices. The challenges identified in 2007 are being addressed, and this report shows how design, management, and investment innovation have led to measurably better pension outcomes. Pensions have become an everyday news item, and people are rightly concerned about the security of their retirement in light of recent pension scandals and the global financial crisis. This book provides a note of encouragement, detailing the ways in which today's pensions are becoming more and more secure, and the new ideas and practices that are chipping away at the challenges. Learn how pension management practices are improving Examine the uptick in positive outcomes over recent years Discover why pension investing is turning toward the long-term Consider the challenges that remain and their possible solutions Drucker's vision of a needed pension revolution is unfolding in real time. Better pension designs, more effective pension governance, and more productive pension investing are mitigating many of the issues that threatened collapse. The Future of Pension Management provides a real-world update on the state of pensions today and a look forward to the changes we still need to make--Provided by publisher.
Writing in the mid-70s, Peter Drucker predicted that demographic dynamics would eventually make pensions a major societal issue involving such topics as how pension systems should be designed, how pension organizations should be organized and managed, and how retirement savings should be invested. Ambachtsheer’s 2007 book, Pension Revolution, showed that Drucker’s vision had become a reality. It laid out the challenges in all three areas, and how they might best be addressed.Pension Revolution Unfolding offers an encouraging and full progress report, using actual case studies from around the world. The pension design challenges identified in 2007 are being addressed both conceptually and practically. Effective pension organizations have been built and are producing measurably better outcomes for their stakeholders. Pension investing is turning away from short-term oriented ‘beauty contests’ to longer-term wealth-creating disciplines. However, the book cautions that while innovation is blossoming in all three pension dimensions, there are still considerable barriers to change to be knocked down.