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.