The Role of the State in Pension Provision: Employer, Regulator, Provider

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Publisher : Springer Science & Business Media
ISBN 13 : 1475767897
Total Pages : 162 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis The Role of the State in Pension Provision: Employer, Regulator, Provider by : Gerard Hughes

Download or read book The Role of the State in Pension Provision: Employer, Regulator, Provider written by Gerard Hughes and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the role of the State in pension provision as an employer, regulator and provider. Part I deals with problems and reforms of public sector pension systems in OECD countries. The countries covered are Denmark, Finland, Germany, The Netherlands, Norway, and the USA. Part II considers the regulation of occupational pension schemes in The Netherlands and the United Kingdom, and whether there is still a role for the State in providing earnings-related pensions in the United Kingdom. Part III presents demographic projections for the next half-century, using Ireland as an example, looks at some of the options which have been used in Finland, and proposed in the United States, to cope with population ageing, and examines issues of intergenerational equity which are posed by these options. All the chapters deal with recent reforms. The chapters are written by acknowledged experts in their field who are independent of both the pensions industry and Government. Hence the chapters provide an informed critical account of current developments in relation to the reform of occupational pension schemes in the public sector and of the debate about the State's role as a regulator of private pension schemes and a provider of pensions based on the social insurance principal. The book is important as a source of information about pension schemes in OECD countries. It shows that there is not a unique model of occupational pension provision for public sector employees and that the pension benefits which are provided in different countries are quite variable. It also shows that public sector occupational pension systems have changed and are in the process of considerable further change in a number of OECD countries.

Institutions for Occupational Retirement Provision

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Author :
Publisher :
ISBN 13 :
Total Pages : 4 pages
Book Rating : 4.:/5 (17 download)

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Book Synopsis Institutions for Occupational Retirement Provision by :

Download or read book Institutions for Occupational Retirement Provision written by and published by . This book was released on 2000 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tolley's Guide to the EU Directive on Institutions for Occupational Retirement Provision

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Author :
Publisher : Tolley
ISBN 13 : 9780754525905
Total Pages : 21 pages
Book Rating : 4.5/5 (259 download)

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Book Synopsis Tolley's Guide to the EU Directive on Institutions for Occupational Retirement Provision by : John W. Wilson

Download or read book Tolley's Guide to the EU Directive on Institutions for Occupational Retirement Provision written by John W. Wilson and published by Tolley. This book was released on 2003 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Retirement Provision and the Pension Industry in the EU

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Retirement Provision and the Pension Industry in the EU by : Jon Kvist

Download or read book Retirement Provision and the Pension Industry in the EU written by Jon Kvist and published by . This book was released on 1995 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Occupational Retirement Provision

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Publisher :
ISBN 13 : 9789282358757
Total Pages : 5 pages
Book Rating : 4.3/5 (587 download)

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Book Synopsis Occupational Retirement Provision by :

Download or read book Occupational Retirement Provision written by and published by . This book was released on 2014 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note seeks to provide an initial analysis of the strengths and weaknesses of the Commission's Impact Assessment (IA) accompanying its proposal for the recast of the Directive on institutions for occupational retirement provision (IORP), submitted to Parliament on 27 March 2014. Recasting consists in the adoption of a new legal act which incorporates in a single text both the substantive amendments which it makes to an earlier act (in this case Directive 2003/41/EC) and the unchanged provisions of that act. The new legal act replaces and repeals the earlier act. IORPs are the so-called second pillar of the EU pension system, next to state pension and voluntary private pension schemes. IORPs manage assets for 75 million Europeans (20 per cent of the EU's working age population). The European Parliament resolution of 21 May 2013 on an Agenda for Adequate, Safe and Sustainable Pensions (P7_TA(2013)0204) touches upon IORPs and is taken into account in this appraisal.

Must an Occupational Pension Scheme Take Into Account ESG Factors Even If There Is a Risk of Financial Detriment to the Pension Fund?

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Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Must an Occupational Pension Scheme Take Into Account ESG Factors Even If There Is a Risk of Financial Detriment to the Pension Fund? by : Philip Bennett

Download or read book Must an Occupational Pension Scheme Take Into Account ESG Factors Even If There Is a Risk of Financial Detriment to the Pension Fund? written by Philip Bennett and published by . This book was released on 2019 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines the legal rules that regulate the investment of the assets of an English law occupational pension scheme set up under trust where the investment powers over those assets are held by the scheme trustee. Those rules derive from a combination of EU Directives (in particular, Article 18 of Directive 2003/41/EC (the “IORP I Directive”) replaced by Article 19 of Directive 2016/2341 (the “IORP II Directive”)), UK legislation transposing those Directives and adding further rules and English trust law. The paper looks at whether the trustee owes duties to the sponsoring employer when investing scheme assets. It notes that the duty to act in the best interests of the beneficiaries has been subject to recent judicial analysis, clarification and reframing in 2 English Court decisions. It considers whether the prudent person rule which applies when investing the assets of an English law trust requires the trustee to take account of material environmental, governance and social factors (“ESG factors”). It notes that Article 18 of the IORP I Directive and Article 19 of the IORP II Directive (which replaced Article 18) require that the assets of institutions for occupational retirement provision (“IORPs”) must be invested in accordance with the overriding requirement of the “the prudent person rule” but that the author has not identified any analysis as to whether this rule is to be given a different meaning to its English law meaning in other EU member states. It looks at some practical legal risk management techniques for complying with the legal rules on investing pension scheme assets. The paper goes on to look at some of the difficulties as to extent to which trustees may take account of members' views and, if members' views are to be taken into account how they should be evaluated. The paper considers the circumstances in which members' views can be taken into account in the selection of investment options for member retirement accounts in money purchase schemes or in the money purchase section of a defined benefit occupational pension scheme. Within the applicable legal rules the paper then considers whether the Law Commission's conclusion, in its report on 'Pension Funds and Social Investment' of 22nd June, 2017, is correct that the pension scheme trustee may take account of ESG factors which have an adverse impact on risk adjusted investment return so long as the impact is not material.

Life Cycle Investing and Occupational Old-Age Provision in Switzerland

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3834998184
Total Pages : 298 pages
Book Rating : 4.8/5 (349 download)

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Book Synopsis Life Cycle Investing and Occupational Old-Age Provision in Switzerland by : Florian Zainhofer

Download or read book Life Cycle Investing and Occupational Old-Age Provision in Switzerland written by Florian Zainhofer and published by Springer Science & Business Media. This book was released on 2008-08-01 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Florian Zainhofer uses the theory of life cycle investing as a framework to study the implications of a potential BVG individualization. He proposes a model adapted to Swiss conditions and parameterized with estimated Swiss earnings dynamics.

The Coverage with Occupational Pensions in Norway

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis The Coverage with Occupational Pensions in Norway by : Axel West Pedersen

Download or read book The Coverage with Occupational Pensions in Norway written by Axel West Pedersen and published by . This book was released on 2000 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Retirement Incentives Contained in Occupational Pension Plans and Their Implications for the Mandatory Retirement Debate

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Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Retirement Incentives Contained in Occupational Pension Plans and Their Implications for the Mandatory Retirement Debate by : James E. Pesando

Download or read book Retirement Incentives Contained in Occupational Pension Plans and Their Implications for the Mandatory Retirement Debate written by James E. Pesando and published by . This book was released on 1986 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

EU Executive Rule-Making and the Second Directive on Institutions for Occupational Retirement Provision

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Publisher :
ISBN 13 :
Total Pages : 11 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis EU Executive Rule-Making and the Second Directive on Institutions for Occupational Retirement Provision by : A. (Ton) van den Brink

Download or read book EU Executive Rule-Making and the Second Directive on Institutions for Occupational Retirement Provision written by A. (Ton) van den Brink and published by . This book was released on 2016 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: The legislative system of the European Union is determined by the distinction made between legislation and administrative rules and between delegation and implementation pursuant to the EU Treaty. This article analyses the implementation of this system in practice, on the basis of the revision of the IORP Directive. Not only do both distinctions give rise to conflicts between mostly national and EU legislatures but they also lead to disputes regarding the substance of the EU rules. This article also provides more detailed insight into the role of the European Insurance and Occupational Pensions Authority (EIOPA).

The Impact of Regulating Occupational Pensions in Europe on Investment and Financial Stability

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (892 download)

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Book Synopsis The Impact of Regulating Occupational Pensions in Europe on Investment and Financial Stability by : Adrien Amzallag

Download or read book The Impact of Regulating Occupational Pensions in Europe on Investment and Financial Stability written by Adrien Amzallag and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pensions at a Glance 2017

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Publisher : Org. for Economic Cooperation & Development
ISBN 13 : 9789264287495
Total Pages : 0 pages
Book Rating : 4.2/5 (874 download)

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Book Synopsis Pensions at a Glance 2017 by : OECD

Download or read book Pensions at a Glance 2017 written by OECD and published by Org. for Economic Cooperation & Development. This book was released on 2017-12-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2017 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, one special chapter focuses on flexible retirement options in OECD countries and discusses people's preferences regarding flexible retirement, the actual use of these programs and the impact on benefit levels. This edition also updates information on the key features of pension provision in OECD countries and provides projections of retirement income for today's workers. It offers indicators covering the design of pension systems, pension entitlements, the demographic and economic context in which pension systems operate, incomes and poverty of older people, the finances of retirement-income systems and private pensions.

Implementing the European Directive on the Activities and Supervision of Institutions for Occupational Retirement Provision

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Publisher :
ISBN 13 :
Total Pages : 57 pages
Book Rating : 4.:/5 (5 download)

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Book Synopsis Implementing the European Directive on the Activities and Supervision of Institutions for Occupational Retirement Provision by : Great Britain. Department for Work and Pensions

Download or read book Implementing the European Directive on the Activities and Supervision of Institutions for Occupational Retirement Provision written by Great Britain. Department for Work and Pensions and published by . This book was released on 2004* with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Personal Provision of Retirement Income

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Personal Provision of Retirement Income by : Gerard Hughes

Download or read book Personal Provision of Retirement Income written by Gerard Hughes and published by Edward Elgar Publishing. This book was released on 2009 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to demographic change many countries in the European Union have reformed their pension systems. During the last two decades personal pensions have been introduced in Belgium, Denmark, France, Germany, Ireland, Italy, Poland, Sweden, and the UK. This book is a critical examination of the objectives of personal pensions in these countries and the use of tax incentives to encourage individuals to save for their retirement. It also includes discussion on personal pensions in the United States. The volume focuses on issues such as risk, administrative expense, and the role of tax allowances in encouraging personal pension provision. Based on the evidence from these countries it is concluded that expectations relating to the take up of personal pensions have not been met and that EU countries should not rely on personal pensions to improve income adequacy at the lower end of the income distribution. Academics and researchers teaching and studying employee benefits and pension costs - particularly in countries that have recently reformed their pension systems - will warmly welcome this book. Government bodies involved in pension reform and European Commission institutions concerned with the evolution and problems with pension policy within the EU will also find this book an informative and invaluable read.

Understanding Pensions

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Author :
Publisher : Routledge
ISBN 13 : 1134480237
Total Pages : 188 pages
Book Rating : 4.1/5 (344 download)

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Book Synopsis Understanding Pensions by : Martin Sullivan

Download or read book Understanding Pensions written by Martin Sullivan and published by Routledge. This book was released on 2004-08-28 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: With birth rates falling at the same time that average age is rising in the developed world, the pensions time bomb is ticking louder than ever. Understanding how pensions work, their history, and their future is absolutely essential. This book thoroughly explains to readers the unique concepts and terminology which underpin pensions. Focusing firstly on the rationale for pensions and their evolution, before moving on to an explanation of the latest controversies regarding pensions. The glossary of pensions terminology in the final section of the book virtually ensures its place on many academic bookshelves. This timely volume is an extremely useful contribution to this important issue. Of use to policy-makers as much as to students and academics of finance and public policy, Understanding Pensions should prove to be a popular addition to the literature.

Pensions at a Glance 2019 OECD and G20 Indicators

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264876103
Total Pages : 224 pages
Book Rating : 4.2/5 (648 download)

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Book Synopsis Pensions at a Glance 2019 OECD and G20 Indicators by : OECD

Download or read book Pensions at a Glance 2019 OECD and G20 Indicators written by OECD and published by OECD Publishing. This book was released on 2019-11-27 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved.

OCCUPATIONAL PENSION SCHEMES (CROSS-BORDER ACTIVITIES) (AMENDMENT) REGULATIONS 2018

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Publisher :
ISBN 13 : 9780111173725
Total Pages : pages
Book Rating : 4.1/5 (737 download)

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Book Synopsis OCCUPATIONAL PENSION SCHEMES (CROSS-BORDER ACTIVITIES) (AMENDMENT) REGULATIONS 2018 by : GREAT BRITAIN.

Download or read book OCCUPATIONAL PENSION SCHEMES (CROSS-BORDER ACTIVITIES) (AMENDMENT) REGULATIONS 2018 written by GREAT BRITAIN. and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: