Factors behind the administrative fees of private pension systems: an international analysis

Abstract

This work has three objectives: first, to provide a comprehensive review of administrative fees; second, to construct a comparative data set for 53 countries; and third, to perform an empirical analysis that highlights the main determinants of pension fees from a world-wide perspective. The paper provides an econometric analysis by using panel data techniques. It finds the greater statistical significance of market size, result that is reinforced by mandatory pension schemes. Other factors, such as structural country conditions, market's vertical integration and the presence of an occupational pension scheme, seem to be less relevant.

The risk–return profile of Lithuanian private pension funds

“…Capacities, conditions, and value vary from country to country in order to implement the reform. The most popular decisions involve increasing the retirement age, stimulating or supporting the voluntary accrual for retirement, formalising the compulsory participation in private funds, and increasing the pension contribution (Chybalski, 2014;Finseraas & Jakobsson, 2014;Jaime-Castillo, 2013;Ličmane & Voronova, 2012;Mladen, 2013;Tuesta, 2014).…”

Analysing Turkish individual pension system fees and returns

“…Bu nedenle, hem emeklilik sistemi üzerindeki maliyetlerin ortaya çıkartılması, hem de maliyetlerin düşürülmesi ile ilgili bir çok uluslararası çalışma yapılmıştır. Özellikle son yıllarda bu konuda Whitehouse (2000), Turner (2005), Hernandez ve Stewart (2008), Pitt-Watson (2010), Bikker, Steenbeek ve Torracchi (2012), Ionescu ve Robles (2014), Tuesta (2014) ve Calveley (2015) tarafından çalışmalar yapılmış, farklı ülkelerin bireysel emeklilik sistemi üzerindeki maliyetler karşılaştırılmış, maliyetleri etkileyen faktörler incelenmiş ve maliyetleri düşürücü öneriler geliştirilmiştir.…”