March 2018

05Mar

Growing Pension Deficits and the Expenditure Decisions of UK Companies

By Philip Bunn (Bank of England), Paul Mizen (University of Nottingham; Bank of England; Centre for Economic Policy Research (CEPR)) & Pawel Smietanka (Bank of England) Large deficits have opened up on defined benefit pension schemes in the United Kingdom since 2007, and at the same time investment expenditure has been subdued; this is a common phenomenon in other countries too. We use privileged access to a unique new data set from The Pensions Regulator and two identification schemes to...

March 5, 2018
Articles, Investing, Regulation, , ,
Read more...

December 2017

20Dec

The Pension Protection Fund aims to protect pensions – not management

By Nils Pratley It looks terrible for the Pension Protection Fund (PPF): the pensions lifeboat fund is planning to vote against a restructuring of the UK arm of Toys R Us, an action that could mean 3,200 people lose their jobs. On the company’s proposal, only 800 employees would depart and the others would resume the fight against Amazon’s invasion of the toy market. The PPF, however, is not to blame for this mess. Its hands are tied. The PPF’s jobis...

December 20, 2017
News, OP Ed, Slider, , ,
Read more...

April 2017

24Apr

Retirement Security: The Importance of Conflict-Safe Advice

By Andrew L. Oringer (Dechert LLP) This article is adapted from testimony given by Andrew L. Oringer on March 24, 2009 before the House Subcommittee on Health, Education, Labor and Pensions. The testimony was given during the Subcommittee's hearings on the regulations of the US Department of Labor regarding exemptions for certain investment advice. (more…)

April 24, 2017
Articles, Pension design, Regulation, System Sustainability, ,
Read more...