Published in Pensions: An International Journal
This article focuses on the development of outsourcing arrangements by pension trustees, evolving from different types of providers into what is commonly known today as fiduciary management. This evolution is put into a historical context, with its beginnings in the United States, progression in the Netherlands and its expansion in the United Kingd...
Published in Pensions: An International Journal
Published in Pensions: An International Journal
This article summarises the implications for private pension policy of a 3-year study by Britain's oldest ‘think tank’, the Royal Society for Arts (RSA). It finds that the proper design of a private, funded pension system can add 50 per cent or more to pension outcomes. Few countries have designed and implemented an ideal system, and in consequence...
Published in Pensions: An International Journal
The Dutch pension system is generally looked upon with admiration. It scores higher marks for level of participation, level of pension income and sustainability than retirement provisions of most other countries. The Dutch state retirement pension is funded as a pay-as-you-go scheme, second-pillar pensions are collectively funded and third-pillar a...
Published in Pensions: An International Journal
The latest financial and economic crisis has shown that European economies are all interdependent and no Member State can any longer guarantee on its own the adequacy, sustainability and safety of its pension system. In March 2011, all European Union (EU) leaders agreed that new EU rules are needed to address financial markets’ erratic behaviours a...
Published in Pensions: An International Journal
This article examines the inter-relationships between changes in the political economy of pensions law and changes in pension accounting regulation in four Anglo-American countries. A four-fold property rights framework is developed that identifies the common inequities in the ownership of pension deficits and surpluses. Deficiencies are identified...
Published in Pensions: An International Journal
This study focuses on identifying the fiscal consequences of the current public pension scheme of the civil servants in the Republic of Cyprus and the mechanisms of governing the benefits offered to its members. The article explores the implications of the economic impacts of the scheme on the budget expenditures. The projections presented point ou...
Published in Pensions: An International Journal
Imagine: You are a public pension fund trustee, employee or investment advisor. The legislature of your state passes a law that requires you to divest some or all of your stock holdings in companies that do business with a specific country. You seek the advice of an outside research firm that specializes in the identification of such companies. You...
Published in Pensions: An International Journal
By communicating in an effective, personalised and engaging manner, the pensions industry should aim to restore a national culture of saving.
Published in Pensions: An International Journal
Over the recent years, demographic trends in Western countries have shown the need to reform public pension systems; the result is that complementary pension systems, mainly represented by pension plans, have experienced global development. This is particularly remarkable in countries such as Italy, where, after some reforms of the public pension s...
