Collective pension arrangements tend to yield higher risk-adjusted pension benefits than individual plans due to intergenerational risk sharing and the lack of annuity conversion risk. These benefits pose the implicit assumption that the pension fund has an infinite horizon, while we observe...

Collectively organized pension plans must increasingly demonstrate that the risk preferences of their members are adequately reflected in the plans' asset allocations. However, whether funds should elicit individual members' risk preferences to achieve this goal, or whether they can rely on...

Self-regulation on diversity of Dutch pension fund boards was introduced in 2010. Our data reveals that gender diversity has only marginally improved since then. We examined the determinants of gender and age diversity of pension fund boards using data from 1,525 pension fund board members of...

The structure and organization of pension systems vary considerably across countries. Pension fund regulation and supervision are two characteristics of pension systems that exemplify such variation. This paper provides a structured approach to measure cross-country differences in the intensity...

Purpose The purpose of this paper is to examine the change in pension fund board diversity after self-regulation was introduced, and investigate which pension fund characteristics influence compliance with self-regulation. In addition, the authors analyze whether compliance might be achieved by...