Occupational Pension Funds: Getting the Long-Run Answers Right

Leslie Hannah

No 99, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: The impact of the British government's new proposals for personal portable pensions and of the parallel reduction of the benefits in the state earnings-related pension scheme are examined in the light of historical evidence on the behaviour of pension saving. Defined contribution pension schemes are forecast to become more popular, against the currently dominant defined-benefit schemes. The present inflation-proofing for the vested rights of leavers may prove inadequate. The risk to pension plan members of fund insolvency may rise to United States levels as competition in the industry increases. Costs of running the more flexible new system will rise. A wider range of financial services are likely to be retailed through pension funds, particularly if tax subsidies are not re-assessed.

Keywords: Defined-Benefit Schemes; Defined-Contribution Schemes; Fund Insolvency; Inflation; Pensions (search for similar items in EconPapers)
Date: 1986-04
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=99 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:99

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... apers/dp.php?dpno=99

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().