The Pension Promise: How Do Pension Liabilities Arise?

Andrew Clare and Chris Wagstaff

Chapter Chapter 1 in The Trustee Guide to Investment, 2011, pp 1-23 from Palgrave Macmillan

Abstract: Abstract Understand how benefits accrue under a defined benefit pension scheme. Appreciate why most defined benefit schemes are closed to new members and increasingly to existing members and why benefits for those that remain open are being increasingly diluted. Understand how benefits accrue under a defined contribution pension scheme. Appreciate the risks faced by members of defined contribution schemes. Appreciate the size and composition of the UK’s occupational pensions market.

Keywords: Pension Scheme; Annuity Rate; Define Contribution; Define Benefit; Retail Price Index (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36187-4_1

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DOI: 10.1057/9780230361874_1

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