A comprehensive guide to the role and duties of occupational pension fund trustees. It covers both statutory and trust law and has been fully revised...... more
A comprehensive guide to the role and duties of occupational pension fund trustees. It covers both statutory and trust law and has been fully revised and updated to include the Pensions Act 2004. It sets out the role of the sponsoring employer, the rights of the scheme members, and what trustees require of their appointed advisers.
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This is an abridgement of Barr and Diamond's 'Reforming Pensions: Principles and Policy Choices' (OUP, 2008), a larger book that is intended for policy...... more
This is an abridgement of Barr and Diamond's 'Reforming Pensions: Principles and Policy Choices' (OUP, 2008), a larger book that is intended for policy makers and as a supplement in college courses. The problem. Mandatory pension systems are a worldwide phenomenon. However, with given contribution rates, monthly benefits and retirement ages, pension systems are not consistent with three long-run trends - declining mortality, declining fertility, and earlier retirement. Thus many systems need reform. Principles. This book gives an extensive but nontechnical explanation of the economics of pension design. The theoretical arguments have three elements. 1. Pension systems have multiple objectives - consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. 2. Good analysis should be framed in a second-best context - simple economic models are a bad guide to policy design in a world with imperfect information and decision-making, incomplete markets and taxation. 3. Any choice of pension system has distributional consequences, which the book recognizes explicitly. The analysis includes discussion of labor markets, capital markets, risk sharing and gender and family, with comparison of PAYG and funded systems, recognizing that the suitable level of funding differs by country. Alongside the economic principles of good design, policy must also take account of a country's capacity to implement the system. Thus the theoretical analysis is complemented by discussion of implementation, and of experiences, both good and bad, in many countries, with particular attention to China and Chile. Policy conclusions: 1. Sound application of the principles outlined above can and does lead to widely different systems in different country settings. 2. Unless there are transfers from outside the system, any improvement to the finances of a pension system must involve one or more of (a) higher contribution rates, (b) lower monthly pensions
Advantages: Close to centre, clean room, great staff, near great shops, cheap and clean! Disadvantages: no view, alley way smells, people pee in alley way, noisy.
...!). They will give you directions, metro, train and everyday advice (they also have great maps there!)
The room was basic but nice and cool with aircon. It was big enough for 2 people. There is a TV but we didn't wish to use it (why watch telly when you are in Barcelona?!?!?!). There is a radio controlled by the light switches! The bath was in the living area with a huge shower curtain so the floor...
Advantages: Cheap, clean, central location, cheap supermarket nearby Disadvantages: No breakfast, no windows, not wheelchair friendly, questionable neighbourhood
...xpensive nature of this particular city cost us another €300 or so (including nearly £50 worth of parking!). If you are on the cheap and don't mind finding your own breakfast, the Pension Miami may just fit your needs.
The Pension Miami is certainly not the worst budget hotel I have ever stayed in, but it does not match the outstanding value of others I have sampled (such as the Pyramid in...
Advantages: Lovely setting, car parking, good rates, friendly owners Disadvantages: Hot drinks facilities would be nice in winter
...listed as having rooms turned out to be only a restaurant. Another bounced back as unrecognised and two others responded.
The first to respond quoted me a price of ?60 for two people for one night including breakfast which, even by Slovenian standards (prices can be high for accommodation), I considered expensive for what is essentially a room in the owner?s home. I said I thought it was expensive...