Tim Reay
- Features
Portability: benefit or burden?
In October 2005 the European Commission published a draft directive on the portability of occupational pension rights in the EU. (Like all other directives, the requirements would be considered minimum standards; member states could maintain or create more favourable conditions for employees.) The Commission has always promoted the freedom of ...
- Features
Uncertainties spawn hybrids
The shift from defined benefit (DB) to defined contribution (DC) pension plan designs has been widely reported in the UK and further a field. However, a ‘pure’ DC scheme is not always possible and, even when it is, it is not always the ideal solution. To what extent are we ...
- Features
Woodrow Milliman firms give their market views: FRANCE
Most pensions are provided by national pay-as-you-go (PAYG) schemes, which hold about a year’s contribution income in the form of reserves; these are invested in short-term deposits and bonds. Apart from a handful of schemes operated by large companies such as IBM, most supplementary provision is in the form of ...
