Download or read book Dealing with the New Giants written by Tito Boeri and published by Centre for Economic Policy Research. This book was released on 2006 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension funds are becoming the largest institutional investors in global financial markets. They help individuals save for their old age and protect the value of their pensions. In so far as they improve risk sharing along time and across individuals, pension funds may also support innovation and growth in the economy. However, pension funds operate in an environment characterised by a number of serious market imperfections (poor financial education of investors and managers, informational asymmetries in the delegation of saving and portfolio management decisions, imperfect labour markets, and potential supply versus demand imbalances in financial markets). This eighth ICMB/CEPR Geneva Report on the World Economy takes a stance on a number of controversial issues concerning the future of pension funds."