1. UK pension schemes -- 2. UK pension funds and their investments -- 3. The regulatory environment -- 4. Public policy issues -- 5. Issues in pension fund management -- 6. The consequences of pension funds for capital markets -- 7. Future developments -- 8. A new approach to pension funding:...

The huge economic significance of longevity risk for corporations, governments and individuals is beginning to be recognized and quantified. The traditional insurance route for managing this risk is capacity constrained, leaving the capital markets to provide an effective solution. We consider...

Purpose: The purpose of this paper is to portray the valuation of financial investments as mental time travel. Design/methodology/approach: In a series of thought investments, $1 invested in an investment fund is mentally projected forward in time and then discounted back to the present –...