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Welfare Reform on the Web (November 2007): Pensions - UK

A diverse approach

A. Woolner

Life & Pensions, Oct. 2007, p.12-18

Compares the different approaches taken by pension guarantee funds in the UK and other countries to modelling and managing risk. Finds that the stochastic approach of the UK's Pension Protection Fund (PPF), like that of the Pension Benefit Guaranty Corporation in the USA, has its drawbacks; and contrasts this with the techniques used by pension fund managers in Sweden and the Netherlands. One of the dangers it examines is market risk very topical given the recent credit crunch problems. This article is suitable for the general reader and pension fund managers alike.

Pensions

M. Hill

Bristol: Policy Press, 2007

Introductory guide to the issues surrounding pensions policy in the UK and worldwide, with in-depth analysis and critique of some of the prevailing ideas and assumptions. Hill is critical of 'quick-fix' approaches and the 'demographic time-bomb' idea for its crude assumptions about the future burden of the old. This book will be useful for the general reader and those studying social policy.

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