The move away from final salary schemes does not have to be a disaster at all. Dr. Altmann believes the demise of DB was always inevitable for private companies and final salary schemes are not always as good as they are currently thought to be.
This note discusses the reasons for closure of DB schemes, how the trend may be slowed and what we need to do to ensure DC works better in the UK.
This is the response which Dr. Altmann submitted to the Inland Revenue’s aModernising Annuities’ consultation in March 2002.
Illustration of differential in annuity rates in the market place.
Recommendations for changes in policy to encourage savings through the lifecycle.
A note describing some of the current pension rules and how State provision affects private provision.
Note describing problems and possible solutions to problems of annuity market.
A paper that discusses an outline of the problems that current pension and retirement policy faces.
Discussion of proposals to ensure everyone who buys an annuity can get the right annuity at the right rate.