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@article{ART002500520},
author={Lee Kyonghee and sejoong kim},
title={The Performance Analysis of Individual Pension Products: Focusing on Investment Returns and Fees},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2019},
volume={30},
number={3},
pages={33-69},
doi={10.23842/jif.2019.30.3.002}

TY - JOUR
AU - Lee Kyonghee
AU - sejoong kim
TI - The Performance Analysis of Individual Pension Products: Focusing on Investment Returns and Fees
JO - Journal of Insurance and Finance
PY - 2019
VL - 30
IS - 3
PB - Korea Insurance Research Institute
SP - 33
EP - 69
SN - 2384-3209
AB - This paper analyzes the performance of pension savings products by using the information provided by the Financial Supervisory Service. As a result of analyzing the long-term returns of the products (n=221) that have passed 12 ~ 17 years after the sales in the first half of 2018, the average nominal rate of return is 3.63%, which is 0.30%p and 1.35%p higher than 1 year deposit rate and inflation rate, respectively. Regression analysis between commissions and returns for a similar pension savings insurance product (n=137) showed a statistically significant negative relationship. This means that information on commission rate is a very important factor to consumer’s investment decision. In order to improve the performance of pension savings products, regulators should work to increase the accuracy of data and provide informative information to decision makers, such as changing disclosure information based on actual performance. It is also necessary to consider the measures such as the case of Germany and Sweden to convey understandable information and guidance to change the product for customers.
KW - Individual Pension Product;Investment Return Rate;Fee;Disclosure
DO - 10.23842/jif.2019.30.3.002
ER -

Lee Kyonghee and sejoong kim. (2019). The Performance Analysis of Individual Pension Products: Focusing on Investment Returns and Fees. Journal of Insurance and Finance, 30(3), 33-69.

Lee Kyonghee and sejoong kim. 2019, "The Performance Analysis of Individual Pension Products: Focusing on Investment Returns and Fees", Journal of Insurance and Finance, vol.30, no.3 pp.33-69. Available from: doi:10.23842/jif.2019.30.3.002

Lee Kyonghee, sejoong kim "The Performance Analysis of Individual Pension Products: Focusing on Investment Returns and Fees" Journal of Insurance and Finance 30.3 pp.33-69 (2019) : 33.

Lee Kyonghee, sejoong kim. The Performance Analysis of Individual Pension Products: Focusing on Investment Returns and Fees. 2019; 30(3), 33-69. Available from: doi:10.23842/jif.2019.30.3.002

Lee Kyonghee and sejoong kim. "The Performance Analysis of Individual Pension Products: Focusing on Investment Returns and Fees" Journal of Insurance and Finance 30, no.3 (2019) : 33-69.doi: 10.23842/jif.2019.30.3.002

Lee Kyonghee; sejoong kim. The Performance Analysis of Individual Pension Products: Focusing on Investment Returns and Fees. Journal of Insurance and Finance, 30(3), 33-69. doi: 10.23842/jif.2019.30.3.002

Lee Kyonghee; sejoong kim. The Performance Analysis of Individual Pension Products: Focusing on Investment Returns and Fees. Journal of Insurance and Finance. 2019; 30(3) 33-69. doi: 10.23842/jif.2019.30.3.002

Lee Kyonghee, sejoong kim. The Performance Analysis of Individual Pension Products: Focusing on Investment Returns and Fees. 2019; 30(3), 33-69. Available from: doi:10.23842/jif.2019.30.3.002

Lee Kyonghee and sejoong kim. "The Performance Analysis of Individual Pension Products: Focusing on Investment Returns and Fees" Journal of Insurance and Finance 30, no.3 (2019) : 33-69.doi: 10.23842/jif.2019.30.3.002