Conservative Economic Commentary | Topic: CFA

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Subject: CFA

Chartered Financial Analyst (CFA) is an international professional designation offered by CFA Institute (formerly known as AIMR) to financial analysts who complete a series of three examinations. To become a CFA Charterholder candidates must pass each of three six-hour exams, possess a bachelor’s degree (or equivalent, as assessed by CFA institute) and have 48 months of work experience in an investment decision-making position. CFA charterholders are also obligated to adhere to a strict Code of Ethics and Standards governing their professional conduct. (Wikipedia Jan 2010)

Retirement plans

What is the future of private pension plans?

By John Schroy, on February 23rd, 2006 |

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Critical investment decisions in 'defined contribution' plans are made by unsophisticated workers.

Between 1999 and 2002, US private pension funds lost US$ 1.2 trillion in value. It would almost seem that pension fund managers had been speculating with retirement money, attempting to beat each others’ short-term performance statistics, with little interest in safeguarding the assets of plan beneficiaries.

Political intrusion and trade unionism have debilitated the pension fund industry over many generations. The end of the pension industry may now be in sight.

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