Pension Schemes and Pension Funds in the United Kingdom

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en Limba Engleză Carte Hardback – 03 Apr 2003
Never has there been so much media interest in pensions as there is currently. Never has the pensions world changed so rapidly as it has over the last few years; we have seen the introduction of a new state supplementary pension scheme, new stakeholder pensions, and a flood of companies closing their final salary schemes and replacing them with defined contribution schemes. Never have there been so many complaints about our pension system; about the state pensionfalling behind earnings, about the misselling of personal pensions, about the perceived poor value of annuities, and about high charges and poor investment performance. This new edition of Pension Schemes and Pension Funds in the United Kingdom provides the latest information on all the key state and private pension schemes operating in the UK, including: the basic state pension, minimum income guarantee and pension credit; the state second pension; company pension schemes; and personal and stakeholder pension schemes. It does this within the context of the long historical development of the UK pensions system since medieval times. It also examinesgovernment pensions policy over the last twenty years, in particular the reduction in state pensions and the transfer of the burden of pension provision to the funded private sector. It also examines future trends and future concerns, such as increasing longevity and the adequacy of savings for retirement whenpeople are young and in work. As most pension schemes are funded, the author also examines the latest issues in pension funding, such as the new accounting standard FRS17, active and passive fund management, investment risk budgeting and management, global investment performance standards, short-termism and the Myners review of institutional investment. The book concludes with a proposal for the Ideal Pension Scheme.
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ISBN-13: 9780199243532
ISBN-10: 0199243530
Pagini: 754
Ilustrații: Figures and tables
Dimensiuni: 164 x 242 x 44 mm
Greutate: 1.26 kg
Ediția: 2
Editura: Oxford University Press
Colecția OUP Oxford
Locul publicării: Oxford, United Kingdom


Review from previous edition A comprehensive history of the origins and development of British pensions both by the state and the private sector.
There is sufficient detail for the reader to obtain a broad understanding of the principles of a complicated subject ... a well-written book that will be a useful reference for anybody with an interest in pension provision in the UK.
David Blake sets a new standard for the notion of "in depth analysis" with his encyclopedic description of pension schemes and funds in the United Kingdom ... This book is an indispensble resource for anyone who is serious about understanding pensions ... I recommend this book for three reasons. It offers a comprehensive and dispassionate discussion of the relevant policy issues pertaining to the provision of retirement income. It contains a concise yetsurprisingly thorough description of pension investment concepts and practices, including an unusually accessible review of key quantitative tools. He looks into the future and offers a provocative list of the attributes of the ideal pension scheme.
David Blake's book fills the need for an up-to-date comprehensive academic reference on British pensions ... the prose is concise, and specific information is easy to find ... It is full of gems ... The final product combines careful research with clear analytical insights, and a proposal as to how to reform the British pension system.
Blake's book ... is a very substantial achievement.

Notă biografică

David Blake is Professor of Financial Economics at Birkbeck College, University of London, and Chairman of Square Mile Consultants, a training and research consultancy. He is also a Senior Research Associate, Financial Markets Group, London School of Economics; Senior Consultant, UBS Pensions Research Centre, London School of Economics; and Research Associate, Centre for Risk & Insurance Studies, University of Nottingham BusinessSchool.