Administrative costs of Dutch pension funds: the impact of fund characteristics

Carlos Heitor Campani and Ian De Ridder ()
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Ian De Ridder: Researcher at The COPPEAD Graduate School of Business (Federal University of Rio de Janeiro)

Economics Bulletin, 2019, vol. 39, issue 2, 1361-1370

Abstract: Administrative costs per participant vary widely across pension funds, even when economies of scale are considered. Defining potential sources of these costs is important because such costs decrease the rate of return pension funds achieve on their participants' assets. Consequently, these costs decrease future pensions. This article seeks to gain a better understanding regarding which other factors impact administrative costs incurred by pension funds using data on over 200 Dutch pension funds concerning the year of 2015. The study confirms that scale economies were the most significant indicator of lower administration costs per participant. Furthermore, it is found that the amount of assets per participant held by a fund had a significant positive relation with costs.

Keywords: Keywords: Pension funds; administrative costs; economies of scale; assets per participant (search for similar items in EconPapers)
JEL-codes: H5 J3 (search for similar items in EconPapers)
Date: 2019-05-31
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