The Role of Costs in Irish Pension Fund Performance


Stewart, Jim and McNally, Bridget (2013) The Role of Costs in Irish Pension Fund Performance. Working Paper. National University of Ireland Maynooth. (In Press)

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Abstract

This paper highlights the lack of transparency in the reporting of overall cost levels incurred by Irish pension schemes and demonstrates the impact of costs on pension fund performance. The paper relies on primary and secondary data analysis of financial statements of Irish pension schemes over a six year period. The paper finds that a significant portion of costs incurred by Irish pension schemes are not disclosed separately in the schemes’ financial statements. This results in a significant lack of transparency as to overall costs incurred annually by pension schemes. The RIY impact of pension fund costs (administrative and all other charges) over the lifetime of a scheme highlights the need for greater focus to be placed on cost efficiencies and competitiveness in any proposals for pension reform in Ireland

Item Type: Monograph (Working Paper)
Additional Information: Preprint of article forthcoming in the Journal of Accounting Finance and Economics.
Keywords: Pension fund; Ireland; Transparency; R.I.Y. impact; Cumulative effect; Finance;
Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
Item ID: 4428
Depositing User: Bridget McNally
Date Deposited: 13 Aug 2013 14:32
Publisher: National University of Ireland Maynooth
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