JOURNAL ARTICLE
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Administrative charges for funded pensions: Measurement concepts and international comparison and assessment
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 120 (2000), Iss. 3 : pp. 311–361
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Whitehouse, Edward
Abstract
Pension fund charges reduce the rate of return on pension accounts in some countries by up to two percentage points. Do charges of this scale undermine the case for funded pension provision? How can governments hold back costs and charges? This paper looks at evidence from different countries, with policies ranging from complete liberalization of charge levels of structures to government imposed charge ceilings. The author stresses the trade-offs in limiting charges, especially in reduced competition and choice.