Issues in Pension Funding (Routledge Revivals)First published in 1992, this book explains how pension funds work in order to highlight their impact on the economy as a whole. David Blake explores the different systems in operation at the time of writing, both state run and private sector, and describes policy initiatives such as personal pension schemes. Longer life-expectancy, overseas investment, equal opportunities and short-termism in capital markets are among the issues discussed as David Blake assesses how pension funds typically behave. This is a title of continued relevance, which addresses the questions repeatedly raised within government and wider society. |
Contents
1 UK pension schemes | 1 |
2 UK pension funds and their investments | 14 |
3 The regulatory environment | 31 |
4 Public policy issues | 35 |
5 Issues in pension fund management | 67 |
6 The consequences of pension funds for capital markets | 80 |
7 Future developments | 96 |
the ideal pension scheme | 111 |
| 117 | |
| 120 | |
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Common terms and phrases
actuarial administrative receivership annual annuity argued asset allocation asset-liability modelling Association of Pension banks basic state pension beneficiaries capital gains capital markets cash cent CINVEN common retirement age company’s contribution rate contributions holidays corporate cost directors early leavers example final salary fund’s government’s Ian Maxwell increase index-linked institutional investors interest investment management investment returns issues liabilities limits long-term lump sum Maxwell companies Maxwell’s MCC shares Michael Meacher Mirror Group Newspapers occupational pension schemes occupational schemes overseas pay-as-you-go pension age pension benefits pension fund assets pension fund managers pension fund surpluses pension rights percent performance personal pension schemes portfolio pre-emption rights private companies private sector problem public sector put option real return reduce retirementage Robert Maxwell scheme administrator SERPS pension share price shareholders short-term surplus tax relief transfer value trustees UK equity UK pension funds value of pension women