Rowman and Littlefield International

Towards a New Pensions Settlement

The International Experience

By Gregg McClymont, Andy Tarrant, and Tim Gosling

This book weighs the experiences of eight nations across the Americas, Asia and Europe on the development of pensions processes.

Paperback ISBN: 9781786612854 Release date: Nov 2019
£9.95 €15.00 $17.00

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This volume is the third in a series looking at pension reforms from an international comparative perspective. It has a particular focus on how successfully defined contribution pension saving systems (also known as the “accumulation phase”) deliver a retirement income (or “decumulation phase”) on a reasonable proportion of pre-retirement wages. While delivering a stable income in retirement ought to be the primary focus of a workplace pension system, this is not the case in most Anglo-Saxon countries, including the UK. Where a country expert provides a country chapter on the pension system of a country not yet reviewed in earlier volumes, the authors explain how both the accumulation and decumulation phases work in their country. Where the country has been reviewed in a previous volume, the focus is on the decumulation phase. The country regimes explored here are those provided in Chile, Denmark, France, Germany, Greece, Indonesia and Switzerland. There is also a chapter on the UK’s recent granting of permission for the provision of collective defined contribution pensions.


Introduction – Gregg McClymont, Andy Tarrant and Tim Gosling

Canada – Keith Ambachtsheer

Chile – Jonathan Callund

Denmark – Torben Möger Pedersen

France – Christophe Albert and Anne Lavigne

Germany - Michael Schütze

Greece - Olympia Mavrokosta

Indonesia - Steven Tanner

Switzerland - Benita von Lindeiner and Ueli Mettler

UK - Kevin Wesbroom

Conclusion – Gregg McClymont, Andy Tarrant and Tim Gosling

Notes on Contributors

Gregg McClymont, is the head of Retirement at Aberdeen Standard Investments, is a specialist in global pension systems. Gregg was a UK member of parliament (2010-15) and shadow minister of State for Pensions 2011-2015.

Andy Tarrant is head of Policy and Government Relations at the People’s Pension. Previously he was senior parliamentary advisor to the shadow Europe and to the shadow pension minister; head of government and regulatory affairs for BT Plc’s Global Services Division; director of regulatory affairs at the European Competitive Telecommunications Association; senior competition lawyer at BT Plc; and, head of the International Section at OFTEL.

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