Investment costs hit Dutch pension funds
Dutch pension companies have too little control over charges imposed by the brokers who invest their capital, according to the Financial Markets Authority AFM.
It reckons the total charges per year amount to 1.5 to 3 billion euros more than the figures published in the pension funds’ annual reports.
The AFM complains that the systems controlling most pension companies’ investments and the costs involved are not transparent enough.
Improving cost management would mean that especially small to medium-sized pension companies could increase their capital reserves considerably. This in time could make higher pension payments possible.http://cdn.radionetherlands.nl/data/files/050608-pensioen-haven-anp-7.jpg
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