Perspectiva teórica sobre a gestão de fundos de pensão

• Autor(a) principal: Eduardo, Carlos José Vargas
• Data de Publicação: 2014
• Tipo de documento: Trabalho de conclusão de curso
• Idioma: por
• Título da fonte: Repositório Universitário da Ânima (RUNA)
• Texto Completo: https://repositorio.animaeducacao.com.br/handle/ANIMA/8014
• topic: Fundos de pensão; ALM; Ativos; Passivo; Gestão integrada

This paper is an overall description of the main characteristics of pension plans. Besides, it outlines two major areas that gives support for managing pension funds. Briefly, it touches the critical situation of the social security system in Brazil and shows a feeling of apprehension once similar misfortunes may impact the private pension funds due to mismanagement or lack of ability to deal with market ongoing changes. Additionally, this paper gives a rough draft of the mathematical rationale backing the benefit plans, with emphasis on the BD and CD models. It also highlights the noteworthy aspects related to asset management and, at the same time, tries to characterize the actuarial liability of the pension scheme, not neglecting the potential risks it encompasses. After these considerations, this paper discusses the general aspects related to integrated management of assets and liabilities (ALM), including its conceptual modeling.