Pension data from 2011–2016 analyzed by the CRR indicate that higher fees correlate to lower net-of-fee performance relative to benchmarks. (Photo: Shutterstock)
Public pension plans evaluate their performance by comparing returns by asset class to certain benchmarks—and in the quest to beat benchmarks, they seek out external asset managers to do just that.
However, according to a brief from the Center for Retirement Research at Boston College, with fees under scrutiny for what they may or may not help a plan to do, researchers have found that plans paying higher fees aren't doing themselves any favors in beating benchmarks.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
