Analysis of the Market Dynamic of Pension Funds Structures in Brazil - 2003 to 2014

Abstract

In Brazil, access to information on social security and open and closed supplementary pensions has dramatically increased as the sector has developed. The objective of this study is to analyse the market dynamic of open complementary pension fund in independent insurance companies. As far as methodology is concerned, a conjugation of a quantitative analysis of existing secondary data and a qualitative approach applying a questionnaire whose objective was to gather the perceptions of independent brokers acting in the sector, was employed. A final methodological procedure consisted in the examination of the existence of possible correspondence between the dynamic identified by the quantitative approach and the perceptions presented by the brokers. The conclusion that one arrived at was that, of the six characteristics that portray the evolutionary dynamic of complementary pension fund identified through the quantitative analysis, only one was ratified by the qualitative analysis.