Pension coverage in the private sector has shifted from defined benefit plans, where professionals make investment decisions, to 401(k) plans, where participants are responsible for their own investment strategy. The supposition is that individuals are not very good at investing their own money and face high fees. The question is whether this supposition is borne out by the facts. That is, are returns on defined contribution plans markedly lower than those on traditional defined benefit plans?

This paper applies cointegration techniques, developed in econometrics to model long-run relationships, to cause-of-death data. We analyze the five main causes of death across five major countries, including USA, Japan, France, England & Wales and Australia.

Given human longevity, fertility, health and social developments, workers become inactive relatively early throughout Europe. This partially stems from older workers being pushed out of the labour market and from personal motivation to prefer benefits to wages. We focus on this latter effect and analyse whether workers would have stayed active had they not been tempted by the availability of the old-age benefits.

This paper provides an empirical analysis of what determines access to occupational pensions as perceived by workers. We investigate this issue in Germany, where workers have the legal right to an occupational pension since 2001, but many might lack the incentive or the ability to gather and process the relevant information to make use of their right.

Using a combination of Dutch survey and administrative data, we show that survival expectations do in fact predict actual mortality in models that control for income and education level.

This paper investigates whether mutual fund families acting as trustees of 401(k) plans display favoritism toward their own funds.

This paper analyzes an individual’s post retirement longevity risk management strategy allowing for systematic longevity risk, recent product innovations, and product loadings.

Premieinnbetalingene til innskuddspensjon er nå nesten like store som innbetalingene til ytelsespensjon. Det viser ny statistikk fra Finans Norge. I løpet av 2014 vil innbetalingene til innskuddspensjon for første gang bli større enn til den tradisjonelle ytelsespensjonen.

Despite substantial improvements in life expectancy, the employment rate among men aged 55-59 in the United Kingdom have decreased from over 90 per cent to less than 70 per cent between 1968 and the end of the 1990s. The figures for men aged 60-64 and men aged 65-69 slumped from around 80 per cent to 50 per cent and 30 per cent to about 15 per cent respectively.

Pensjonsreformen har gjort det mulig for mange å ta ut alderspensjon før fylte 67 år. Beslutningen om uttak av pensjon er dermed i stor grad frikoblet fra valg av tidspunkt for å slutte i arbeid. Pensjonen kan dessuten fritt kombineres med arbeidsinntekt, uten at pensjonen blir avkortet.

The workplace pension reforms are set out in the Pensions Act 2008 and were introduced in October 2012 with large employers being subject to the duties first.

The workplace pension reforms are set out in the Pensions Act 2008 and were introduced in October 2012 with large employers being subject to the duties first. Large employers will be subject to the duties between October 2012 and February 2014, medium employers from April 2014 to April 2015 and small/micro-employers from June 2015. Under the reforms, employers will be required to automatically enroll certain members of their workforce, these are called eligible jobholders (those aged between 22 and State Pension age, working in the UK and earning more than £8,105), into a workplace pension scheme, unless the worker is already in a qualifying scheme.