Administrative Charges : Options and Arguments for Controlling Fees for Funded Pensions
The adequacy of retirement incomes is a central goal of all types of pension system. In defined contribution pension plans, the benefit depends on the amount of money paid in, the investment returns earned, and the amount fund managers charge for a...
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| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/01/6255724/administrative-charges-options-arguments-controlling-fees-funded-pensions http://hdl.handle.net/10986/11237 |
| Summary: | The adequacy of retirement incomes is a
central goal of all types of pension system. In defined
contribution pension plans, the benefit depends on the
amount of money paid in, the investment returns earned, and
the amount fund managers charge for administering accounts
and investing the assets. Government policy affects all
three factors directly and indirectly. This briefing focuses
on the third: administrative charges. It looks at the
policies on charges, and compares the fees levied in
practice in fourteen, very diverse countries. |
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