The UK Pensions Act 2004 has turned the defined benefit pension promise into a pension guarantee and has established the Pension Protection Fund (PPF) in order to secure this guarantee where a company becomes insolvent and the scheme is underfunded. The Act has greatly upset corporate pension...

quot;Pyrrhic Victory? The unintended consequences of the Pensions Act 2004quot; is the first independent study of its kind on the early impact and unintended consequences of the Pensions Act 2004. The report warns that the government may win its battle with employers to ensure they pay employees...

In this article we present evidence from a series of focus groups where pensions issues were discussed with the employees of a listed distribution company. The focus group format allows us to explore the employees' views in detail and to present their thoughts in their own words. Perhaps...

Dealing with the reluctant investor examines the governance of defined contribution (DC) schemes with reference to investment choice and, in particular, the design of the default fund. We explain where and why the current system fails to support DC scheme members and what steps can be taken to...

The report shows that pension providers and advisers are finding it increasingly uneconomic to market to small and medium-sized enterprises (SMEs) and are withdrawing rather than redoubling their efforts. This is an important and difficult issue for both government and private sector providers