Delivering relevant and valuable pension research is central to ICPM’s mandate


ICPM funds pension and investment-related research that supports effective management in pension and investment organizations. It identifies relevant research topics, interacts with researchers and collaborates with top international pension research institutes, think tanks and like-minded organizations on applicable pension and investment research opportunities.

Published research is listed below as a resource for Research Partners.

For a PDF of the full list of the ICPM Research Portfolio click here.

Call for Research


ICPM funds pension and investment-related research that supports effective management in pension and investment organizations.

Learn more and contact us with inquiries.

Published Research: Pension Design and Implementation


A value-based Approach to the Redesign of US State Pension Plans

Principles, Principals and Agents

How Accurately does 70% Final Earnings Replacement Measure Retirement Income (In)Adequacy?

An Internal Swap Market between Equity Returns and Wage Growth: Can it Enhance the Welfare of Defined Contribution Plan Participants?

The Freezing of Corporate Pension Plans

Fee Disclosure to Pension Participants: Establishing Minimum Requirements

The Canada Supplementary Pension Plan (CSPP): Towards an Adequate, Affordable Pension for All Canadians

Does Corporate Social Responsibility Create Shareholder Value? The Importance of Long-Term Investors

A Protocol for Factor Identification

Asset Allocation and Bad Habits

Pension Fund Asset Allocation And Liability Discount Rates

When Do Derivatives Add Value in Asset Allocation Problems for Pension Funds?

Pension Plan Solvency and Extreme Market Movements: A Regime Switching Approach

Investment Beliefs that Matter: New Insights into the Value Drivers of Pension Funds

International diversification and labor income risk

Connections and Conflicts of Interest: Investment Consultants Recommendations

Can Institutional Investors Improve Corporate Governance Through Collective Action?

Attitudes Towards An Extended Fiduciary Duty

Institutional Investor Collaboration: Enhancing Effectiveness

Partisan Politics and Bureaucratic Encroachment: The Principles and Policies of Pension Reserve Fund Design and Governance

Pension Fund Performance and Risk-Taking Under Decentalized Investment Management

Optimal decentralized ALM

Board of trustee composition and investment performance of US public pension plans

Pension reform, ownership structure and corporate governance: evidence from Sweden

Identifying and mobilizing win-win opportunities for collaboration among pension fund Institutions and their agents

The Pension Governance Deficit: Still With Us

The performance of US pension funds: new insights into the agency costs debate

Institutional Investor Collaboration: Enhancing Effectiveness

Why Do Investors Favor Active Management … To the Extent They Do?

Is Bigger Better? Size and Performance in Pension Plan Management

Ten Strategies for Pension Funds to Better Serve Their Beneficiaries

Pension Fund Performance and Costs: Small is Beautiful

Published Research: Investing


A value-based Approach to the Redesign of US State Pension Plans

Principles, Principals and Agents

How Accurately does 70% Final Earnings Replacement Measure Retirement Income (In)Adequacy?

An Internal Swap Market between Equity Returns and Wage Growth: Can it Enhance the Welfare of Defined Contribution Plan Participants?

The Freezing of Corporate Pension Plans

Fee Disclosure to Pension Participants: Establishing Minimum Requirements

The Canada Supplementary Pension Plan (CSPP): Towards an Adequate, Affordable Pension for All Canadians

Does Corporate Social Responsibility Create Shareholder Value? The Importance of Long-Term Investors

A Protocol for Factor Identification

Asset Allocation and Bad Habits

Pension Fund Asset Allocation And Liability Discount Rates

When Do Derivatives Add Value in Asset Allocation Problems for Pension Funds?

Pension Plan Solvency and Extreme Market Movements: A Regime Switching Approach

Investment Beliefs that Matter: New Insights into the Value Drivers of Pension Funds

International diversification and labor income risk

Connections and Conflicts of Interest: Investment Consultants Recommendations

Can Institutional Investors Improve Corporate Governance Through Collective Action?

Attitudes Towards An Extended Fiduciary Duty

Institutional Investor Collaboration: Enhancing Effectiveness

Partisan Politics and Bureaucratic Encroachment: The Principles and Policies of Pension Reserve Fund Design and Governance

Pension Fund Performance and Risk-Taking Under Decentalized Investment Management

Optimal decentralized ALM

Board of trustee composition and investment performance of US public pension plans

Pension reform, ownership structure and corporate governance: evidence from Sweden

Identifying and mobilizing win-win opportunities for collaboration among pension fund Institutions and their agents

The Pension Governance Deficit: Still With Us

The performance of US pension funds: new insights into the agency costs debate

Institutional Investor Collaboration: Enhancing Effectiveness

Why Do Investors Favor Active Management … To the Extent They Do?

Is Bigger Better? Size and Performance in Pension Plan Management

Ten Strategies for Pension Funds to Better Serve Their Beneficiaries

Pension Fund Performance and Costs: Small is Beautiful

Published Research: Organizational Governance/Management


A value-based Approach to the Redesign of US State Pension Plans

Principles, Principals and Agents

How Accurately does 70% Final Earnings Replacement Measure Retirement Income (In)Adequacy?

An Internal Swap Market between Equity Returns and Wage Growth: Can it Enhance the Welfare of Defined Contribution Plan Participants?

The Freezing of Corporate Pension Plans

Fee Disclosure to Pension Participants: Establishing Minimum Requirements

The Canada Supplementary Pension Plan (CSPP): Towards an Adequate, Affordable Pension for All Canadians

Does Corporate Social Responsibility Create Shareholder Value? The Importance of Long-Term Investors

A Protocol for Factor Identification

Asset Allocation and Bad Habits

Pension Fund Asset Allocation And Liability Discount Rates

When Do Derivatives Add Value in Asset Allocation Problems for Pension Funds?

Pension Plan Solvency and Extreme Market Movements: A Regime Switching Approach

Investment Beliefs that Matter: New Insights into the Value Drivers of Pension Funds

International diversification and labor income risk

Connections and Conflicts of Interest: Investment Consultants Recommendations

Can Institutional Investors Improve Corporate Governance Through Collective Action?

Attitudes Towards An Extended Fiduciary Duty

Institutional Investor Collaboration: Enhancing Effectiveness

Partisan Politics and Bureaucratic Encroachment: The Principles and Policies of Pension Reserve Fund Design and Governance

Pension Fund Performance and Risk-Taking Under Decentalized Investment Management

Optimal decentralized ALM

Board of trustee composition and investment performance of US public pension plans

Pension reform, ownership structure and corporate governance: evidence from Sweden

Identifying and mobilizing win-win opportunities for collaboration among pension fund Institutions and their agents

The Pension Governance Deficit: Still With Us

The performance of US pension funds: new insights into the agency costs debate

Institutional Investor Collaboration: Enhancing Effectiveness

Why Do Investors Favor Active Management … To the Extent They Do?

Is Bigger Better? Size and Performance in Pension Plan Management

Ten Strategies for Pension Funds to Better Serve Their Beneficiaries

Pension Fund Performance and Costs: Small is Beautiful