Defined-benefit pension plans do not offer complete security; there are policy alternatives that would clarify this and are more likely to improve pension security than would the much-discussed options of reforming insolvency law or the constitutionally complex process of negotiating the...

This article explores the extent to which the potential and actual conflicts of interest that pervade pension fund administration and investment have influenced the corporate governance activities of these funds. The exploration of these issues is situated in the context of the events...

Intro -- Contents -- Acknowledgments -- Introduction -- 1 Corporate Investment by Employee Pension Funds: A Deal with the Devil? -- 2 Pension Fund Assets and Plan Members: A Question of Ownership? -- 3 The Duties of Pension Fund Managers towards Plan Members with Respect to the Governance of...