World Bank2012-08-132012-08-132005-01https://hdl.handle.net/10986/11237The adequacy of retirement incomes is a central goal of all types of pension system. In defined contribution pension plans, the benefit depends on the amount of money paid in, the investment returns earned, and the amount fund managers charge for administering accounts and investing the assets. Government policy affects all three factors directly and indirectly. This briefing focuses on the third: administrative charges. It looks at the policies on charges, and compares the fees levied in practice in fourteen, very diverse countries.CC BY 3.0 IGOCAPITAL MARKETSCOMPETITIVE BIDDINGCONSUMERSCONTRIBUTION RATECORPORATE GOVERNANCEFUNDED PENSION SYSTEMSFUNDED PENSIONSINCOMEINDIVIDUAL ACCOUNTSINFORMAL SECTORINVESTMENT RETURNINVESTMENT RETURNSLATIN AMERICANLEVIESMUTUAL FUNDSPENSION AGENCYPENSION FUNDPENSION FUND MANAGERSPENSION FUNDSPENSION PLANPENSION PLANSPENSION REFORMPENSION REFORMSPENSION RIGHTSPENSION SCHEMESPENSION SYSTEMPERSONAL PENSIONSRETIREMENTRETIREMENT SAVINGSSAVINGSSOCIAL ASSISTANCESOCIAL PROTECTIONSOCIAL SECURITYSUPERVISORY AUTHORITIESTAXTHRIFT SAVINGS PLANWorld Bank10.1596/11237