We consider the choices available to a defined contribution (DC) pension plan member at the time of retirement for conversion of his pension fund into a stream of retirement income...

Annual minimum rate of return guarantees are analyzed together with rules: for the distribution of excess return, i.e., annual return above the guarantee. The set of, in a specific sense, fair contracts is charactcrizcd with and without a bonus account consisting of accumulated...

Die Geburten starken Nachkriegsgenerationen profitieren vom jahrzehntelangen wirtschaftlichem Abschwung und haben einen beträchtlichen Wohlstand erarbeitet und erspart. Im Vergleich zu jüngeren und älteren Generationen ist ein subsantieller Teil ihres Vermögens in Immobilien gebunden. In den...

The last year has seen a transition inCASE’s activities, with the completionof our long-term programme for theEconomic and Social Research Council(ESRC) in January, results from whichwere brought together in a conferenceto celebrate the Centre’s tenthanniversary in January, with...