What Determines the Freezing of Defined-Benefit Pension Schemes : Evidence from the UK

Given the shifting corporate policy from defined benefit (DB) to defined contribution (DC) schemes, we investigate the determinants of so-called ‘freezing’ of DB schemes. We test the reasons of pension freezing and its influence on firm performance, for all FTSE350 companies from 2009 to 2017. We find that pension plan asset is the key factor for determining the freezing of the DB plans and companies tend to close their DB scheme under a good economic state

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Year of publication:	[2021]
Authors:	Li, Yuan ; Liu, Wexi ; Newton, David
Publisher:	[S.l.] : SSRN
Subject:	Großbritannien \| United Kingdom \| Betriebliche Altersversorgung \| Occupational pension plan \| Pensionskasse \| Pension fund

Extent:	1 Online-Ressource (25 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 5, 2021 erstellt
Other identifiers:	10.2139/ssrn.3835182 [DOI]
Classification:	G18 - Government Policy and Regulation ; G22 - Insurance; Insurance Companies ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; J32 - Nonwage Labor Costs and Benefits; Private Pensions ; J33 - Compensation Packages; Payment Methods
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013230476