Institutional and individual investors: Saving for old age

Steven Ongena, Anna Zalewska

Research output: Contribution to specialist publicationArticle

Abstract

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 Special Issue. This introductory article and the papers in the Special Issue contribute to the debate on how to support individuals in their savings commitments and investment decision-making and whether and how institutional investors have fulfilled their role in supporting the development of the funded pension industry. There are three main conclusions: (i) individual investors are not ready for the role that has been assigned to them in the pension industry, (ii) institutional investors are a long way short of establishing healthy relational contracts and trustworthy relationships with their clients, and (iii) more effective regulation may be needed.
Original languageEnglish
Pages257-268
Number of pages12
Volume92
No.7
Specialist publicationJournal of Banking and Finance
DOIs
Publication statusPublished - 15 Nov 2017

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Individual investors
Old age
Institutional investors
Pensions
Industry
Savings
Relational contracts
Investment decision-making

Keywords

  • Institutional investors;
  • Individual investors
  • Pension funds
  • Defined benefits
  • Defined contributions
  • Retirement investments

Cite this

Institutional and individual investors: Saving for old age. / Ongena, Steven; Zalewska, Anna.

In: Journal of Banking and Finance, Vol. 92, No. 7, 15.11.2017, p. 257-268.

Research output: Contribution to specialist publicationArticle

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