This book is the product of a partnership between the World Bank, the Organization for Economic Cooperation and Development, and three private-sector partners with worldwide pension-related
business. It brings together information on benchmarks for designing and evaluating the performance of pension funds. The report finds that pension funds need to measure performance against
optimal long-term benchmarks, and argues that governments can play an important role in setting up these benchmarks but should not interfere in asset allocations. The book's introductory
chapter summarizes the main issues raised by the studies examined and their findings. The rest of the book is organized to allow the reader to move from a review of the available data to a
policy discussion about the development of pension-specific benchmarks for evaluating pension fund investment performance. There are also short essays commenting on the challenges of life-cycle
funds in the context of the financial crisis. Annotation 穢2010 Book News, Inc., Portland, OR (booknews.com)
