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Characteristics of the South African retirement fund industry

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  • Johannes W. Fedderke
  • Neryvia Pillay Bell

Abstract

Using administrative data, we examine three characteristics of the South African retirement fund industry–funding stability, risk sharing and efficiency–over the period 1996-2018. We find that there have been significant decreases in assets per member for private funds, pension funds and retirement annuities, which could reflect decreasing funding ratios in the retirement fund system. The retirement […]

Suggested Citation

  • Johannes W. Fedderke & Neryvia Pillay Bell, "undated". "Characteristics of the South African retirement fund industry," Working Papers 880, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:880
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    References listed on IDEAS

    as
    1. Jacob A. Bikker & Onno W. Steenbeek & Federico Torracchi, 2012. "The Impact of Scale, Complexity, and Service Quality on the Administrative Costs of Pension Funds: A Cross-Country Comparison," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 79(2), pages 477-514, June.
    2. Bikker, Jacob A. & De Dreu, Jan, 2009. "Operating costs of pension funds: the impact of scale, governance, and plan design," Journal of Pension Economics and Finance, Cambridge University Press, vol. 8(1), pages 63-89, January.
    3. Anna Orthofer & Stan Du Plessis & Monique Reid, 2019. "Private Wealth in a Developing Country:Evidence from South Africa," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 65(3), pages 632-656, September.
    4. Albert Touna-Mama & Johannes W. Fedderke & Neryvia Pillay Bell, 2011. "Economies of Scale and Pension Fund Plans: Evidence from South Africa," Working Papers 214, Economic Research Southern Africa.
    5. Hans J. Blommestein & Pascal Janssen & Niels Kortleve & Juan Yermo, 2009. "Evaluating the Design of Private Pension Plans: Costs and Benefits of Risk-Sharing," OECD Working Papers on Insurance and Private Pensions 34, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Financial Markets; Government spending; political economy; Research Methods; South Africa;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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