Fair value in pension funds thesis : case sudy : Caixa Geral de Depósitos
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/7733 |
Resumo: | The developed world is facing the problem of an ageing population. The ratio of active to inactive workers is decreasing, putting at risk the future solvency of the public social retirement schemes. Private pension funds are therefore increasing, which makes the understanding of whether they are reliably calculated and covered a relevant issue. Due to accounting rules revisions issued by the IASB (International Accounting Standard Board) and the FASB (Financial Accounting Standard Board), the principle of Fair Value has become more important during the last decade, despite criticisms that link it to the current financial crisis. This work studies the role of Fair Value in the biggest Portuguese Bank’s Pension Fund, namely its calculation and impact on financial statements. Based on public information, clarifications provided by the staff at Caixa Geral de Depósitos, benchmark and data analysis, the case-study supports the importance of Fair Value on pension funds and concludes that Caixa Geral de Depósitos Pension Funds are reliably calculated due to the several rules issued by IASB and the Portuguese supervisory entity – Instituto Superior de Seguros (ISP). |
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Fair value in pension funds thesis : case sudy : Caixa Geral de DepósitosThe developed world is facing the problem of an ageing population. The ratio of active to inactive workers is decreasing, putting at risk the future solvency of the public social retirement schemes. Private pension funds are therefore increasing, which makes the understanding of whether they are reliably calculated and covered a relevant issue. Due to accounting rules revisions issued by the IASB (International Accounting Standard Board) and the FASB (Financial Accounting Standard Board), the principle of Fair Value has become more important during the last decade, despite criticisms that link it to the current financial crisis. This work studies the role of Fair Value in the biggest Portuguese Bank’s Pension Fund, namely its calculation and impact on financial statements. Based on public information, clarifications provided by the staff at Caixa Geral de Depósitos, benchmark and data analysis, the case-study supports the importance of Fair Value on pension funds and concludes that Caixa Geral de Depósitos Pension Funds are reliably calculated due to the several rules issued by IASB and the Portuguese supervisory entity – Instituto Superior de Seguros (ISP).Azenhas, PauloVeritati - Repositório Institucional da Universidade Católica PortuguesaQuintas, José Miguel Cruz da Silva2012-02-02T08:09:43Z201120112011-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/7733enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-09-26T01:40:34Zoai:repositorio.ucp.pt:10400.14/7733Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:07:40.537924Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Fair value in pension funds thesis : case sudy : Caixa Geral de Depósitos |
title |
Fair value in pension funds thesis : case sudy : Caixa Geral de Depósitos |
spellingShingle |
Fair value in pension funds thesis : case sudy : Caixa Geral de Depósitos Quintas, José Miguel Cruz da Silva |
title_short |
Fair value in pension funds thesis : case sudy : Caixa Geral de Depósitos |
title_full |
Fair value in pension funds thesis : case sudy : Caixa Geral de Depósitos |
title_fullStr |
Fair value in pension funds thesis : case sudy : Caixa Geral de Depósitos |
title_full_unstemmed |
Fair value in pension funds thesis : case sudy : Caixa Geral de Depósitos |
title_sort |
Fair value in pension funds thesis : case sudy : Caixa Geral de Depósitos |
author |
Quintas, José Miguel Cruz da Silva |
author_facet |
Quintas, José Miguel Cruz da Silva |
author_role |
author |
dc.contributor.none.fl_str_mv |
Azenhas, Paulo Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Quintas, José Miguel Cruz da Silva |
description |
The developed world is facing the problem of an ageing population. The ratio of active to inactive workers is decreasing, putting at risk the future solvency of the public social retirement schemes. Private pension funds are therefore increasing, which makes the understanding of whether they are reliably calculated and covered a relevant issue. Due to accounting rules revisions issued by the IASB (International Accounting Standard Board) and the FASB (Financial Accounting Standard Board), the principle of Fair Value has become more important during the last decade, despite criticisms that link it to the current financial crisis. This work studies the role of Fair Value in the biggest Portuguese Bank’s Pension Fund, namely its calculation and impact on financial statements. Based on public information, clarifications provided by the staff at Caixa Geral de Depósitos, benchmark and data analysis, the case-study supports the importance of Fair Value on pension funds and concludes that Caixa Geral de Depósitos Pension Funds are reliably calculated due to the several rules issued by IASB and the Portuguese supervisory entity – Instituto Superior de Seguros (ISP). |
publishDate |
2011 |
dc.date.none.fl_str_mv |
2011 2011 2011-01-01T00:00:00Z 2012-02-02T08:09:43Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/7733 |
url |
http://hdl.handle.net/10400.14/7733 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131746102411264 |