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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Institutional and individual investors: Saving for old age
Organization Unit
Authors
  • Steven Ongena
  • Anna (Ania) Zalewska
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of Banking and Finance
Publisher Elsevier
Geographical Reach international
ISSN 0378-4266
Volume 92
Page Range 257 - 268
Date 2018
Abstract Text 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.
Digital Object Identifier 10.1016/j.jbankfin.2017.10.012
Other Identification Number merlin-id:15352
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