haku: @indexterm SOCIAL SECURITY / yhteensä: 450
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| Tekijä: | Blake, D. |
| Otsikko: | What is a promise from the government worth? Quantifying political risk in state and personal pension schemes in the United Kingdom |
| Lehti: | Economica
2008 : MAY, VOL. 75:298, p. 342-361 |
| Asiasana: | finance social security pension schemes politics risk United Kingdom |
| Kieli: | eng |
| Tiivistelmä: | There are three key types of political risk facing pension schemes: those induced by i. demographic, ii. economic, and iii. pure political factors. In the U.K., the state scheme has been susceptible to all three types since 1980, resulting in the fall of the annual real internal rate of return on the 2nd pillar state pension for the average male worker from 5.1 percent to 1.5 percent over 25 years. The flat-rate, 1st pillar Basic State Pension has also experienced a fall in its IRR of 3 percentage points. |
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