City Research Online

Abstract

This paper examines the financial system prerequisites needed for the successful delivery of funded private pensions. In particular, it examines the financial instruments and investment strategies required during both the accumulation and decumulation stages. It does so within the context of a specific developed economy with a mature pension system, namely the United Kingdom. The lessons learned can help to inform the debate in developing countries that are in the process of undertaking pension reform.

Publication Type:	Monograph (Discussion Paper)
Publisher Keywords:	funded pension scheme, defined benefit, defined contribution, fund management, performance measurement, annuities
Subjects:	H Social Sciences > HG Finance H Social Sciences > HN Social history and conditions. Social problems. Social reform
Departments:	Bayes Business School > Finance

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