scholarly journals On the investment strategies in occupational pension plans

2021 ◽  
pp. 1-17
Author(s):  
F. Bosserhoff ◽  
A. Chen ◽  
N. Sørensen ◽  
M. Stadje
Keyword(s):  
Pension Plans ◽  
Investment Strategies ◽  
Occupational Pension

scholarly journals On The Investment Strategies in Occupational Pension Plans

2021 ◽  
Author(s):  
Frank Bosserhoff ◽  
An Chen ◽  
Nils Sørensen ◽  
Mitja Stadje
Keyword(s):  
Pension Plans ◽  
Investment Strategies ◽  
Occupational Pension

Automatic enrolment to pension plans in small organisations: a research agenda

2019 ◽  
Vol 41 (1) ◽  
pp. 142-157 ◽  
Author(s):  
Maureen Maloney ◽  
Alma McCarthy
Keyword(s):  
Firm Size ◽  
Pension Plans ◽  
Occupational Pension ◽  
Pension Policy ◽  
Policy Makers ◽  
Research Attention ◽  
Content Type ◽  
The Usa ◽  
The Uk ◽  
Small Employers

PurposeThe purpose of this paper is to analyse how firm size impacts pension workforce coverage with a particular focus on automatic enrolment (AE) to pension plans in small organisations.Design/methodology/approachThe paper examines the alignment of government AE interests with those of small employers, their employees and pension providers to better understand how firm size impacts pension workforce coverage.FindingsThe alignment of interests between stakeholders (government, pension providers, employers and employees) differs between large and small organisations, and empirical findings from large organisations cannot be assumed to apply in small organisations.Research limitations/implicationsThe paper calls attention to the need for future empirical research and identifies a number of research questions for further analysis to examine how AE impacts pension participation in small organisations and advance the field.Originality/valueThe policy of automatically enroling employees into occupational pension plans, recently legislated for all eligible workers in the UK and under consideration in the USA and Ireland, was developed from research conducted in a small number of large organisations. Pension coverage is particularly inadequate for the large number of employees working in small organisations (1–49 employees). However, little research attention has been focussed on pensions in small organisations with pension policy makers assuming that legislated AE will work as effectively in small organisations as it did in large organisations. This paper addresses this gap in the field.

The silent pension pillar implosion

2017 ◽  
Vol 19 (2) ◽  
pp. 98-117 ◽  
Author(s):  
Yves Stevens
Keyword(s):  
Pension Plans ◽  
Occupational Pension ◽  
Pension Policy ◽  
New Paradigm ◽  
Freedom Of Choice ◽  
Policy Makers ◽  
Recent Trends ◽  
Fiscal Law ◽  
Occupational Plans ◽  
The Individual

This article discusses recent trends in occupational pension policy and identifies the rise of a second policy wave directed towards greater individualisation in occupational pension plans. It is clear that, at a global level, governments and regulatory offices are promoting the so-called third pillar as a valuable pension option and that freedom of choice of the individual is a key element in this process. This individualisation reflects the decreasing involvement of employers in occupational plans and the increasing attentiveness of governments towards individual retirement schemes. We ask whether the so-called first and third pillar are pushing the second pillar away and whether there is a silent pension pillar implosion. In the article, we describe and analyse recent legislative and regulatory initiatives in six European countries to locate the individualisation process. We also propose a new paradigm for pension policy makers in which the so-called pension pillars are abandoned and replaced by an integrated pension vision leading to a balanced target income in retirement. In this integrated vision, there is a legal link between all forms of pension in a given country. This link is reflected in social and fiscal law.

scholarly journals Pracownicze programy emerytalne w Polsce

Ekonomia ◽  
2018 ◽  
Vol 23 (3) ◽  
pp. 91-106 ◽  
Author(s):  
Mariusz Dybał
Keyword(s):  
Interest Rates ◽  
Financial Stability ◽  
Pension Plans ◽  
System Structure ◽  
Occupational Pension ◽  
Eligibility Criteria ◽  
Pension Systems ◽  
Funding Sources ◽  
Pension Schemes ◽  
Additional Funding

Occupational Pension Schemes in PolandThe aging of society, the financial and economic crisis and low interest rates have astrong impact on mature pension systems. This leads to fiscal difficulties in pay-as-you-go public systems. As aresult, there is aconflict between income adequacy and financial stability of pension systems. In order to reconcile the adequacy with stability, many countries reform pension systems in areas such as system structure, pension contributions, eligibility criteria, funding methods, management meth­ods, pension benefits, taxation. There is also aquestion of how to obtain additional funding sources for retirement. It seems that one of the instruments to obtain additional financial resources in old age may be participation in Occupational Pension Schemes PPE, which in Poland offered their services in 1999 on the basis of the Act of 22 August 1997 on Occupational Pension Plans. Thus, the research objective of the work, which is the analysis of PPE in Poland in the years 1999–2016, is revealed.

Individual pension-related risk propensities: the effects of socio-demographic characteristics and a spousal pension entitlement on risk attitudes

2008 ◽  
Vol 28 (6) ◽  
pp. 847-874 ◽  
Author(s):  
GORDON L. CLARK ◽  
KENDRA STRAUSS
Keyword(s):  
Decision Making ◽  
Social Status ◽  
Adult Population ◽  
Pension Plan ◽  
Pension Plans ◽  
Demographic Characteristics ◽  
Risk Attitudes ◽  
Occupational Pension ◽  
Related Risk ◽  
The Social

ABSTRACTThe transition from defined-benefit to defined-contribution occupational-pension plans has placed a premium on the participants' or contributors' decision-making competence. Their attitudes to risk and their responses to available investment options can have far-reaching implications for their retirement income. Behavioural research on risk and uncertainty has raised understanding of the limits of individual decision-making, but the social status and demographic characteristics of plan participants may also affect risk perception and pension choices. By studying a random sample of the British adult population, this paper explores the significance of socio-demographic characteristics for pension-related risk attitudes. It is demonstrated that pension-plan participants do not appear to understand the risks associated with different types of retirement savings and pension plans. The paper also shows that the gender, age and income of plan participants can give rise to distinctive risk propensities, and that marital status and, in particular, whether a spouse also has a pension can also have significant consequences for household risk preferences. These results have implications for those segments of the population that are disadvantaged in the labour market. Employer-provided pensions' education and information programmes may have to be more basic and more closely tailored to the social status of pension plan participants than hitherto assumed or hoped.

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