The charge ratio on individual accounts and investment plans in Iceland

$54.97 plus tax (Refund Policy)

Buy Article:

Abstract:

This paper documents the lifetime costs on individual accounts and investment plans for a typical worker in Iceland using typical wage profiles and information on current charges obtained from the providers. The charge ratios calculated imply that costs at a current cost basis on individual accounts are substantially lower in Iceland than for personal pensions in the UK and retail charges for individual pension accounts in other countries. The Icelandic charges are substantially lower than would ordinarily be expected in an emerging defined contribution market and given the low contribution rates associated with the Icelandic accounts. These low charges are attributed to a variety of factors including: low levels of regulation, competition for business between traditional financial institutions and workers' main pension funds and the perception of a growing market.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840121719

Publication date: June 20, 2001

More about this publication?
Related content

Share Content

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more