Passing the buck

Article Abstract:

Company pensions were once seen as a way of taking pressure off public sector pension schemes, but a move away from defined benefit schemes and toward defined contribution schemes means that there is more uncertainty about retirement benefits. Money-purchase pensions offer flexibility at a time when labor mobility has increased, while final-salary schemes penalize mobility. Employees are happy with money-purchase pensions at a timeof a bull market in stocks, but there are risks, and these include the risk that the employee may not save enough.

Economic aspects, Pensions, Defined benefit plans, Defined contribution plans

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Patriotic pensions

Article Abstract:

The introduction of private pension funds in Poland has proved a great success and is bringing stability to Poland's capital markets. Some 10.5 mil Poles are contributing to private pensions, with almost one third of the funds' USDlr3.5 bil under management being invested in Polish shares.

Private Pension Funds, Poland, Capital market, Capital markets

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A giant sucking sound

Article Abstract:

Life insurance companies, trust banks and others are competing for Japan's $1.4 trillion pensions-management business. Fueling the competition is deregulation, a need for pension funds to increase returns, and doubts about the financial health of some life insurance companies.

Management, Japan, Financial services industry, Financial services

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