This paper brings together the academic literature on individual and institutional investors in
order to understand the nature of difficulties faced by them and set the background for the …

The study aims to identify factors that influence adequacy ratio of fund (RKD) of the Defined
Benefit Pension Plan (PPMP) Pension Fund for 2009-2018 period such as Return on Asset …

In the last decades, pension funds and other institutional investors have significantly
increased their allocations to alternative assets: however, until today, there is no empirical …

Using regulatory data free of self-reporting bias for 2007–16, we decompose investment
returns of 455 Dutch pension funds according to their key investment decisions, ie, asset …

The asset allocation decision is one of the most important decisions made by defined benefit
pension schemes, with a major effect on the scheme contribution rate, funding ratio and …

This paper presents new empirical evidence on the role of plan and sponsor characteristics
in pension funds' investment decisions. In this research, we analyzed the portfolio allocation …

Using recovery plan data of 213 underfunded Dutch pension funds for the years 2011, 2012
and 2013, discrete choice models are estimated describing pension funds' choices between …

We study whether pension fund board governance relates to asset allocation. Pension funds
with well-governed boards have greater international diversification, lower cash holdings …

Given the shifting corporate policy from defined benefit (DB) to defined contribution (DC)
schemes, we investigate the determinants of so-called 'freezing'of DB schemes. We test the …

The legal, policy and economic issues associated with pension provision, care and dignity in
old age are fundamental challenges for the future of our society. In this context, an adequate …