1993 SNA Update Information - Retained earnings of mutual funds, insurance companies, and pension funds | | Issue description | | Issue description in [English] | [French] | [Russian] | [Spanish] | | In the 1993 SNA, retained earnings of an entity are generally treated as the income and saving of the entity, rather than the owner. However, exceptions are made for life insurance companies,
pension funds and foreign direct investment companies, where there is an imputed outflow to the
policyholders, beneficiaries, or owners (respectively), with an equal financial account inflow from
them. TheESA 95 introduces a similar treatment for mutual funds by imputing a distribution of
retained earnings to the investors and a subsequent reinvestment in the fund. Should the SNA
follow this treatment to have a more consistent treatment of various forms of collective investment
schemes? |
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| | Corresponding papers (Click on icon to see document in either pdf or word format) | | AEG papers: | Posted on 1/23/2006 |  |  | Report on e-discussion on Retained Earnings of Mutual Funds, Insurance Corporations and Pension Funds | | | Posted on 1/3/2006 | | | Retained earnings on mutual funds, insurance corporations and pension funds | | | Posted on 8/15/2005 | | | Retained earnings of mutual funds | | | Posted on 8/15/2005 | | | Retained earnings of mutual funds and other collective investment schemes | | | | AEG summaries: | Posted on 4/7/2006 | | | Retained earnings of mutual funds, insurance corporations and pension funds | | | Posted on 9/30/2005 | | | Retained earnings on mutual funds and other collective investment schemes |
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| | Statistics | | Number of AEG recommendations: | 2 | | Number of country comments: | 45 | | Number of expert comments: | none |
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