Using data on 90 pension funds from 2004-2008 this paper examines the impact of scale, the complexity of pension plans, and service quality on the adminstrative costs of pension funds, and compares those costs across Australia, Canada, the Netherlands, and the US. It finds that, except for Canada, large unused economies-of-scale exist.
AdministrativeCostsOfPensionFunds
Singapore’s two largest asset owners, GIC and Temasek, see attractive opportunities in climate adaptation solutions – a relatively underfunded area compared to decarbonisation. The former has already made selective adaptation investments and said the opportunity set across public and private debt and equity could increase to $9 trillion by 2050.
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