Dr Frank Eich, Dr Amarenda Swarup
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Back to the drawing board: The economic crisis and its implications for pension provision in the UK: An update
In June 2009, we published our paper Back to the drawing board: The economic crisis and its implications for pension provision in the United Kingdom. We argued that the economic crisis had highlighted not only weaknesses in financial markets and regulation but also in existing pension systems in many countries. The paper presented and discussed the myriad channels
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This paper focuses on an issue, which so far has received relatively little attention by policy makers and the media, namely that the economic crisis has highlighted inherent weaknesses in existing pension systems in many countries. Using the example of the UK, the paper argues that the economic crisis will usher in further changes to the future provision of pensions, with the role of the
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