There is considerable interest in the design and funding of European pension systems. While many commentators emphasise the financial burden of underfunded European social security systems, less understood are the structure and performance of European supplementary pensions. We introduce readers...

In this paper I investigate an institution whichcombines two forms of risk regulation commonly regarded as antithetical. In the governmental mode, associated with the rise of capitalism, the welfare state, and commercial insurance, regulation is centralised and spatially removed from the risk...