First published in 1992, this book explains how pension funds work in order to highlight their impact on the economy as a whole. David Blake explores the different systems in operation at the time of writing, both state run and private sector, and describes policy initiatives such as personal pension schemes. Longer life-expectancy, overseas investment, equal opportunities and short-termism in capital markets are among the issues discussed as David Blake assesses how pension funds typically behave. This is a title of continued relevance, which addresses the questions repeatedly raised within government and wider society.
Table of Contents
List of Tables; Preface; Acknowledgements; 1. UK Pension Schemes 2. UK Pension Funds and their Investments 3 . The Regulatory Environment 4. Public Policy Issues 5. Issues in Pension Fund Management 6. The Consequences of Pension Funds for Capital Markets 7. Future Developments 8. A New Approach to Pension Funding: The Ideal Pension Scheme; References; Index