- European Federation of Financial Analysts Societies
Long Finance, Finance Shorts series, (November 2011), 56 pages
Don't Stop Believing: The State and Future of UK Occupational Pensions
Don't Stop Believing: The State And Future Of UK Occupational Pensions" is the second Finance Short on pension written by Con Keating, which considers in detail the position of UK private occupational pensions. It discusses the reasons for the decline in funded defined benefit (DB) provision in the UK and, as collective DB is shown to be an efficient institutional design, proposes remedies that may resuscitate this ailing sector.
This free-to-download report was published as part of the Finance Shorts series in November 2011.
“In his two “Don’t Stop” papers Con Keating has “watched” pensions more closely than others and uncovered the grand narrative. The first paper considered pensions in general terms, providing critical arguments absent from the debate. The second – this paper – considers the specifics of the UK economic position and proposes explicit remedies. Both are a “must read” for policy makers, whether considering state pensions as a means of social welfare or occupational pensions as a means of deferred pay. The first conclusion is that collective provision triumphs over individual provision. So the Don’t Stop papers are a must read for employers too.”
- "Introducing the Internal Growth Rate of a Pension System"
the Pamphleteers, Long Finance
7th April 2014
Related Long Finance Publications
- "Don’t Stop Thinking About Tomorrow: The Future of Pensions",
- "Keep Your Lid On: A Financial Analyst’s View of the Cost and Valuation of DB Pension Provision"
- "Don't Stop Believing: The State and Future of UK Occupational Pensions"
Global Policy Institute
28th September 2011
In the Media
- "Think tank urges regulation change for DB schemes"
29 September 2011
- "Don't stop believing: The benefits of the unfunded DB model"
27 September 2011
- "UK Pensions Report Argues LDI Strategy Is Seriously Misconceived"
23 September 2011