Publication Type

Journal Article

Publication Date

1-2008

Abstract

Retirement systems are increasingly asked to do an ever-better job of enhancing the performance of pension investments. The Singaporean Central Provident Fund permits pension system participants to keep their money in a government-run investment pool, or if they wish, they may select professionally managed unit trusts for their retirement accumulations. Opting for investment choice also exposes members to additional investment costs not charged by the government-managed account. This paper explores the charges levied by the private fund managers and we show that foreign ownership, active style of management and equity/balanced funds tend to be most expensive. We conclude with a discussion of policy options available to reduce retirement system costs.

Keywords

pension, retirement, investment, portfolio, investment choice, expenses, Singapore, CPF

Discipline

Asian Studies | Finance and Financial Management

Research Areas

Finance

Publication

Pensions: An International Journal

Volume

13

Issue

1-2

First Page

7

Last Page

14

ISSN

1478-5315

Identifier

10.1057/pm.2008.3

Publisher

Palgrave

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://doi.org/10.1057/pm.2008.3

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