Research

The trouble with final salary pension schemes (web publication)


SUGGESTED ARTICLES

Research

An analysis of saving for old age in Nigeria

Economic Theory

Chile's fully-funded private pension system shows impressive results

Pensions legislation could bankrupt major British companies

https://iea.org.uk/wp-content/uploads/2016/07/upldbook396pdf.pdf
In the fourteenth IEA discussion paper, Nick Silver analyses the decline of final salary pension schemes (FSS). The author argues that successive governments have added to the cost of these schemes, making them unattractive to employers and hastening their closure. Moreover, the government’s misguided efforts to save FSS threaten the financial viability of many major UK companies with large FSS deficits.

Nick Silver recommends a number of strategies to reduce the burden of schemes and improve members’ security, including the repeal of recent legislation and the deployment of market-based solutions such as tradable pension debt and debt/equity swaps.

2006, Discussion Paper 14

Fullscreen Mode




SIGN UP FOR IEA EMAILS