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

16 Pages Posted: 2 Dec 2016

See all articles by David Hollanders

David Hollanders

Tilburg University - Tilburg University School of Economics and Management

Date Written: October 7, 2016

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.

Suggested Citation

Hollanders, David, Asset Management Costs and Financial Performance of Dutch Pension Funds in 2011-2014 (October 7, 2016). Netspar Discussion Paper No. 10/2016-033. Available at SSRN: https://ssrn.com/abstract=2878813 or http://dx.doi.org/10.2139/ssrn.2878813

David Hollanders (Contact Author)

Tilburg University - Tilburg University School of Economics and Management ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
33
Abstract Views
275
PlumX Metrics