Asset Management Costs and Financial Performance of Dutch Pension Funds in 2011-2014

David Hollanders

Research output: Working paperDiscussion paperOther research output

44 Downloads (Pure)

Abstract

The costs of Dutch pension funds have increased in the last decades. The costs, as a percentage of assets invested, doubled between 1992-2009. In 2014 total costs equalled 6.3 billion euro, or 19.6% of annual contributions. Asset management is the largest component of costs. Pension funds claim that the costs are necessary for financial performance. Using a unique data-set of Dutch pension funds, the effect of costs on performance is estimated. The hypothesis that higher costs do not lead to better financial results cannot be rejected.
Original languageEnglish
Place of PublicationTilburg
PublisherNETSPAR
Number of pages16
Publication statusPublished - Oct 2016

Publication series

NameNetspar Academic Paper
VolumeDP 10/2016-033

Fingerprint Dive into the research topics of 'Asset Management Costs and Financial Performance of Dutch Pension Funds in 2011-2014'. Together they form a unique fingerprint.

Cite this