Centre for Policy on Ageing



Comparing pension outcomes from hybrid schemes — a report of research carried out by Mercer Human Resource Consulting on behalf of the Department for Work and Pensions
Author(s)	Deborah R Cooper
Corporate Author	Mercer Human Resource Consulting; Department for Work and Pensions - DWP
Publisher	Corporate Document Services, Leeds, 2005
Pages	79 pp (Department for Work and Pensions Research report, no 269)
Source	Corporate Document Services, 7 Eastgate, Leeds LS2 7LY. Email: orderline@cds.co.uk Website: http://www.cds.co.uk Full reports also available online at: http://www.dwp.gov.uk/asd/asd5
Keywords	Private pensions ; Conditions of employment ; Contracts ; Comparison.
Annotation	The shift away from defined benefit pensions (DB) schemes towards defined contribution (DC) schemes is well known, as is the consequent transfer of pension risks, thought to to be largely with the plan sponsor in the case of DB, and in the case of DC largely with the plan holder or scheme member. This report summarises the results of an investigation into what pension is likely to be paid to people at retirement. The analysis incorporates various working histories and pension scheme types, with the outcomes also depending on the financial variables chosen, price inflation, salary inflation, return on equity investment and return on bond investment. The research relates almost entirely to the pension scheme member's perspective, reflecting how different characteristics - low and high earners, those with a full working life, and those with career breaks or periods of part-time work - fare under each type of scheme. This is one of three independent research projects into hybrid pension schemes commissioned by he Department for Work and Pensions (DWP) in June 2004. (RH).
Accession Number	CPA-050906004 B
Classmark	JK: WKA: 6QH: 48
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