UK pension developments and trends

Article Abstract:

Reforms in the UK's pension administration have been introduced through the Pensions Act 1995 and the Finance Bill of the Labour Government. The Act, which was enforced April 1997, is comprised of four components including state pensions, governance, trusteeship, and finance. Features of the new Act include a uniform State Pension Age of 65 by the year 2020, a Minimum Funding Requirement for defined benefit plans, and the creation of the Occupational Pensions Regulatory Authority to oversee protection of members.

United Kingdom, Social policy

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Legislation on compulsory pension funding in Spain

Article Abstract:

The new insurance/pensions law that was approved by the Spanish legislature on Oct. 5, 1995, has profound ramifications on the way Spanish companies operate their pension arrangements. The new law requires companies to set up qualified plans or take out collective insurance policies. A method for evaluating funding approaches from a long-term financial perspective is presented.

Insurance

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Spain: funding the pension liabilities

Article Abstract:

The main alterations to Spain's pensions laws are discussed, focusing on multi-national companies and the future banning of the pensions financing vehicle, book reserving.

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