How Do Management Fees Affect Retirement Wealth Under Mexico's Personal Retirement Accounts System?

2013 ◽  
Author(s):  
Emma Aguila ◽  
Michael D. Hurd ◽  
Susann Rohwedder
Keyword(s):  
Management Fees ◽  
Retirement Accounts ◽  
Retirement Wealth

scholarly journals How Do Management Fees Affect Retirement Wealth under Mexico's Personal Retirement Accounts System?

2014 ◽  
Vol 5 (2) ◽  
pp. 331-350 ◽  
Author(s):  
Emma Aguila ◽  
Michael D. Hurd ◽  
Susann Rohwedder
Keyword(s):  
Management Fees ◽  
Retirement Accounts ◽  
Retirement Wealth

scholarly journals How Do Management Fees Affect Retirement Wealth Under Mexico’s Personal Retirement Accounts System?

2014 ◽  
Author(s):  
Emma Aguila ◽  
Michael Hurd ◽  
Susann Rohwedder
Keyword(s):  
Management Fees ◽  
Retirement Accounts ◽  
Retirement Wealth

scholarly journals Personal Retirement Accounts and Saving

2011 ◽  
Vol 3 (4) ◽  
pp. 1-24 ◽  
Author(s):  
Emma Aguila
Keyword(s):  
Positive Impact ◽  
Lower Income ◽  
Fund Managers ◽  
Retirement Accounts ◽  
Working Lives ◽  
Aging Populations ◽  
Social Security Reforms ◽  
Private Savings ◽  
Micro Level ◽  
Retirement Wealth

Aging populations are leading countries worldwide to social security reforms. Many countries are moving from pay-as-you-go to personal retirement account (PRA) systems because of their financial sustainability and positive impact on private savings. PRA systems boost private savings at a macro level by converting a government liability into financial wealth managed by private fund managers. However, at a micro level, changes in retirement wealth affect individuals' saving and consumption patterns through their working lives. Retirement wealth increased for lower-income workers after Mexico introduced PRAs, crowding out saving, increasing consumption, and offsetting some of the PRA effect on private savings. (JEL D14, E21, H55, J26, O16)

Closet Indexing: The Cost of Falling Asset Management Fees

2014 ◽  
Author(s):  
David C. Brown ◽  
Shaun William Davies
Keyword(s):  
Asset Management ◽  
Management Fees ◽  
The Cost

Countercyclical Retirement Accounts

2017 ◽  
Author(s):  
David A. Love
Keyword(s):  
Retirement Accounts

How Investment Management Fees Hurt Investors

1997 ◽  
Author(s):  
Robert Ferguson ◽  
Dean Leistikow
Keyword(s):  
Investment Management ◽  
Management Fees

Measuring Dissaving Out of Retirement Wealth

2007 ◽  
Author(s):  
Paul A. Smith ◽  
David A. Love
Keyword(s):  
Retirement Wealth

scholarly journals Long-Term Sustainable Investment for Retirement

2021 ◽  
Vol 13 (9) ◽  
pp. 5000
Author(s):  
Iqbal Owadally ◽  
Jean-René Mwizere ◽  
Neema Kalidas ◽  
Kalyanie Murugesu ◽  
Muhammad Kashif
Keyword(s):  
Mutual Funds ◽  
Performance Metrics ◽  
Retirement Income ◽  
Retirement Plans ◽  
Full Account ◽  
Investment Performance ◽  
Management Fees ◽  
Sustainable Investment ◽  
Managed Funds

We consider whether sustainable investment can deliver performance comparable to conventional investment in investors’ long-term retirement plans. On the capital markets, sustainable investment can be achieved through various instruments and strategies, one of them being investment in mutual funds that subscribe to ESG (environmental, social, and governance) principles. First, we compare the investment performance of ESG funds with matched conventional funds over the period 1994–2020, in Europe and the U.S. We find no significant evidence of differing performance (at 5% level) despite using a number of investment performance metrics. Second, we perform a historical backtest to model a UK personal retirement plan from 2000 till 2020, taking full account of investment management fees and transaction costs. We find that investing in an index-tracker fund overlaid with ESG screening delivers a pension which is 10.4% larger than is achieved if the index-tracker fund is used without screening. This is also 20.2% larger than is achieved by investing in a collection of actively managed funds with a sustainable purpose. We conclude that an ESG-screened long-term passive investment approach for retirement plans is likely to be successful in satisfying the twin objectives of a secure retirement income and of sustainability.

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