We propose a generational plan for the occupational pension provision in which people from the same generation are pooled in a generational fund. Each fund can set its own policies independently. This plan provides the benefits of differentiation missing in the prevailing collective plan and the...

With the shift from defined benefit (DB) to defined contribution (DC) pensions gathering momentum in the aftermath of the financial crisis, there is a renewed focus on what kind of pension DC members can expect in retirement. Will current DC pension plans be sufficient to provide an adequate...

Many, if not most, individuals cannot be regarded as 'intelligent consumers' when it comes to understanding and assessing different investment strategies for their defined contribution pension plans. This gives very little incentive to plan providers to improve the design of their pension plans....

This paper compares and contrasts alternative pension plans in the market place and their status as zakatable wealth or property. These plans differ in terms of who is responsible for providing funds for pension benefit to the retirees upon retirement and who is responsible for bearing...