Details

Autor(en) / Beteiligte

• Martí Ballester, Carmen Pilar
• Juan Carlos Matallín Sáez
• Fernández Izquierdo, Maria Ángeles

Titel

Determinants of the fees paid by equity pension plans in Spain

Ist Teil von

• Pensions (London, England : 2002), 2006-05, Vol.11 (3), p.200

Ort / Verlag

London: Palgrave Macmillan

Erscheinungsjahr

2006

Quelle

Business Source Ultimate

Beschreibungen/Notizen

• The main objective of this paper is to analyse the variables determining the fees incurred by pension plans. The study uses individualised data from the management and custodial fees for individual equity pension plans in Spain. The Spanish pension funds and pension plans market establishes maximum limits for both types of fee due to legal restrictions and the fact that its trade and management is mostly carried out by financial entities, which may in turn create a conflict of interests. The results show how the nature of the management company and the assets managed are relevant to the management fee. The influence of the number of participants in a pension plan on the custodial fee is of note. [PUBLICATION ABSTRACT]