Administrative Charges : Options and Arguments for Controlling Fees for Funded Pensions

• Ngôn ngữ: eng
• Ký hiệu phân loại: 351.71 Public administration
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 326526
• Chủ đề: 1. CAPITAL MARKETS; 2. COMPETITIVE BIDDING; 3. CONSUMERS; 4. CONTRIBUTION RATE; 5. CORPORATE GOVERNANCE

Tóm tắt

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.