This book explains everything you need to know for successful management of any pension plan. It shows how pension plans help sponsors manage their workforces to the latest in investment and risk management. With concise and practical guidance on ways for achieving optimal financial performance. It synthesizes the latest in capital market and financial economics research to help those involved in pension management improve their decision making in all the critical areas, including: choosing the optimal form of pension plan, formulating and implementing the plan's investment strategy, selecting and monitoring pension plan managers, measuring the plan's performance and managing financial risk. A description of the responsibilites of fiduciaries, revealing how to be both a prudent fiduciary and a capable decision maker.