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Economies of scale in the management of occupational superannuation schemes

Published online by Cambridge University Press:  20 April 2012

D. M. Knox
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Extract

The level of benefits paid to members of occupational superannuation schemes will depend on the level of contributions made by the employer and employee, the investment earnings received by the accumulated assets and the expenses incurred in the management of the scheme. However, this third factor has been ignored by previous studies into occupational superannuation, even though higher expense levels will naturally cause reduced benefits for a given level of contributions and investment return. In this respect, cost efficiency within the superannuation industry is an important criterion in assessing the efficacy of employer-sponsored occupational superannuation.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 111 , Issue 2 , September 1984 , pp. 337 - 361
Copyright
Copyright © Institute and Faculty of Actuaries 1984

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