We analyze expectations of the Dutch population of ages 25 and older concerning the future generosity state and occupational pensions, the two main pillars of the Dutch pension system.Since the summer of 2006, monthly survey data were collected on the expectations of Dutch households concerning purchasing power of occupational pensions, eligibility and purchasing power of old age social security benefits, and the average retirement age ten or twenty years from now.

This is the seventh edition of the Pensions Universe Risk Profile (The Purple Book), a joint annual publication by the Pension Protection Fund (the PPF) and the Pensions Regulator (the regulator) which focuses on the risks faced by Defined Benefit (DB) pension schemes, predominantly in the private sector.

The regulator aims to promote a good understanding of the defined benefit (DB) funding regime and to operate in an open and transparent manner. This document sets out evidence on the way that schemes have used some of the flexibilities in the regime, notably with regard to discount rates, recovery plans, and contingent assets. As would be expected of a scheme-specific regime, practice varies.

This paper takes stock of the evolution in pension systems and the challenges that remain for the future. It derives a typology of pension systems and uses this to discuss the strengths and weaknesses of alternative systems.

The topic of responsible investment is an important challenge to pension funds. This challenge doesn’t only apply to individual schemes, but is also seen as a collective one. That’s why the Dutch Association of Industry-wide Pension Funds (VB), the Dutch Association of Company Pension Funds (OPF) and the Union of Occupational Pension Funds (UvB) have decided to act jointly on this dossier.

The Dutch system of pensions is under a lot of pressure. Pension participants now more and more face risks that accompany pension financing. However, many participants are not aware of those risks. Often, they have too optimistic expectations regarding their pension, and their knowledge and involvement is low. As a result, the customer faces a pension expectation gap.

Far-reaching changes in the regulation of financial markets and the organization of public pensions in the 1980s and 1990s transformed the landscape for retirement products in Sweden. First, banking and insurance were extensively deregulated in the 1980s, while the securities markets experienced major expansion.

The Dutch system of pensions is under a lot of pressure. Pension participants now more and more face risks that accompany pension financing. However, many participants are not aware of those risks. Often, they have too optimistic expectations regarding their pension, and their knowledge and involvement is low. As a result, the customer faces a pension expectation gap. In order to close the pension expectation
gap, two routes could be followed.

The main topic of this thesis is the effect of aging on pension systems. As the population of many Western- European countries ages, this topic has gained wide attention in the popular press, the policy debate and the academic literature.

Utviklingen i reell pensjoneringsalder for en 50-åring i kommunesektoren har økt etter 2002. Vi har undersøkt, som de første, om dette kan skyldes IA-avtalen og seniortiltakene. Våre funn presenteres i denne artikkelen.

In this paper we consider the influence of the demography on the dynamic equilibrium of an economy. More precisely, we focus on mandatory pensions, as in most Western countries except USA and Switzerland the role of ‘the third pension-pillar’, based on voluntary savings, is relatively minor.

Within the European Union there is a large variety of old age income support systems. Many member states have a mixture of state provisions, occupational pensions and individual pension savings. However, the relative importance of and the interaction between these three pension pillars differs significantly from one country to another.