This study argues that the promotion of union goals could have positive, negative, or neutral effects on risk adjusted return performance. Moreover, the union's ability and incentive to use pension assets to promote union goals will vary with the design of the pension. Using panel data on over...

A lack of European integration is keeping the markets closed off and, as a result, opportunities for growth and improvement in the Dutch and European pension and labour markets are not being sufficiently harnessed. We see developments that are laying the foundations for what we would like to...