... by companies in the Avesta Group. In 1984, he was employed as managing director of Avesta Sheffield Distribution Limited (“Avesta”). He was a member of the Avesta occupational pension scheme. This was a two‐thirds final salary scheme which, if taken at age 60 (7 October 2000), would have entitled Mr Shore...

...Robert Hudson Purpose The purpose of this paper is to investigate the effect of regulation on both the cost of defined benefit pension (DB) schemes and their effectiveness for human resource management. Design/methodology/approach The paper initially outlines the factors that have affected...

... the risks associated with income drawdown and the degree to which the claimant either understood or failed to understand or indeed voluntary undertook the extra risk of taking maximum income under income drawdown pension schemes in his desire to for flexibility and retention of control over pension capital...

...Alistair Byrne; Debbie Harrison; David Blake Purpose The purpose of this paper is to provide an overview of key issues in the governance of defined contribution pension schemes, with a focus on investment matters, and to recommend best practices. Design/methodology/approach The paper draws...

...Robert Watson Purpose The purpose of this paper is to evaluate the relative risks and benefits associated with defined contribution (DC) and defined benefit (DB) pension schemes. New regulatory and governance requirements and demographic changes have all significantly raised the costs and reduced...

...Robert Hudson Purpose In the UK, there is a strong government commitment to the compulsory use of annuities to manage the “decumulation” of assets in defined contribution pension schemes. Almost all annuity rates are determined by reference to the gender of the individual involved. This has...

...Howard Flight Purpose This paper seeks to evaluate the Pensions White Paper proposals against down to earth and relatively obvious objectives and criteria; and to suggest some options – no matter how politically difficult – which need to be considered. Design/methodology/approach The paper...

...Robert Hudson Purpose Bodies with responsibilities for paying pensions to individuals face a mortality risk in that the pensioners may prove longer lived than expected. The significant scale and uncertainity of this risk is becoming increasingly clear. Various measures are available to control...

...Barbara Summers; Christine Ironfield-Smith; Darren Duxbury; Robert Hudson; Kevin Keasey © Emerald Group Publishing Limited 2005 Pensions Consumer Understanding Information Informed choice Journal of Financial Regulation and Compliance Volume 13 Number 3 Informed choice: consumer...