Centre for Policy on Ageing



The shifting face of workplace pensions — the retreat of employers and growth of defined contribution
Author(s)	Anthony Neuberger
Corporate Author	British Academy
Publisher	British Academy, London, 2014
Pages	59 pp
Source	British Academy, 10 Carlton House Terrace, London SW1Y 5AH. Website: www.britac.ac.uk
Keywords	Private pensions ; Conditions of employment ; Comparison ; International.
Annotation	There has been a shift from defined benefit (DB) to defined contribution (DC) schemes for providing occupational pensions. This paper compares DB and DC pension schemes, highlighting the strengths and weaknesses of both types of schemes. It examines the economics of paying employees through pension rights rather than giving higher cash wages. It surveys DC schemes in selected countries around the world, noting the multiplicity of designs and the interactions between the different features. It looks at contribution rates, investment policy, documentation and scheme governance of occupational DC schemes. It makes observations on the current pensions debate in the UK. This document was originally produced as part of a European Commission (EC) funded project on uncertainty and sustainability in social policy. (RH).
Accession Number	CPA-150814001 B
Classmark	JK: WKA: 48: 72
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...from the Ageinfo database published by Centre for Policy on Ageing.