Hostname: page-component-586b7cd67f-rdxmf Total loading time: 0 Render date: 2024-11-28T14:45:57.587Z Has data issue: false hasContentIssue false
  • English
  • Français

A consideration of book reserve schemes

Published online by Cambridge University Press:  20 April 2012

D. C. Mason ,
R. L. M. Arnold ,
R. E. Clark ,
T. E. Crowter ,
A. I. Johnston ,
S. M. Neil  and
A. N. Walton
Get access Rights & Permissions [Opens in a new window]

Abstract

With the financial services industries in the member countries of the European Union coming under increasing attention resulting in relaxation of cross border controls, this paper addresses some pensions matters in this European context and how they may relate to the U.K. The main theme of the paper is the book reserve approach to pensions provision. Details of the German book reserve method are provided before developing possible ways in which this philosophy could be introduced into the U.K. These possibilities are assessed and consideration given to the effect they may have on the economy, commerce, the pension fund industry and, not least, the actuarial profession in the U.K.

Keywords

Occupational PensionBook ReserveInsolvencySecurity
Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 121 , Issue 3 , 1994 , pp. 491 - 559
Copyright
Copyright © Institute and Faculty of Actuaries 1994

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

(1) Humphrey, G. T., Langham, F. R., Snelson, R. E. & Sparks, J. D. (1970). Pensions and company finance. J.I.A. 96, 189.Google Scholar
(2) Langham, F. R. & Sparks, J. D. (1973). Tax treatment of pension provision. J.I. A. 103, 323.Google Scholar
(3) Book reserves commonly used for German pensions. Multinational Benefits Review, January 1980.Google Scholar
(4) Many factors to review on deciding how to finance pension plans in Germany. Multinational Benefits Review, May 1981.Google Scholar
(5) Fürst explains pros and cons of financing pension provision through book reserves. Multinational Benefits Review, January 1982.Google Scholar
(6) Report by the Occupational Pensions Board. (1982). Greater security for rights and expectations of members of occupational pension schemes—Appendix 3. H.M.S.O.Google Scholar
(7) Institute of Actuaries/Faculty of Actuaries (1983). Seminar on pensions. 30 November 1983.Google Scholar
(8) Archibald, G. C. (1981). Retirement benefits in Continental Europe. T.F.A. 37, 339.Google Scholar
(9) Rae, A. J. & Galbralth, J. (1990). Europe — the next frontier. Presented to Faculty of Actuaries Students' Society.Google Scholar
(10) Mok, L. (editor) (1990). International handbook on pensions law. Graham & Trotman.Google Scholar
(11) Kelly, P. V., Mackenzie, A. J. F., Neil, S. M. & Walton, A. N. (1991). Consideration of the requirements of a framework directive for pension schemes. Presented to Staple Inn Actuarial Society.Google Scholar
(12) Waite, B. D. (1991). Germany—unification, one year on. Proceedings of Actuarial Convention, Harrogate, September 1991, 338.Google Scholar
(13) McLeish, D. J. D. & Stewart, C. M. (1993). The supervision and control of pensions funding in the United Kingdom. J.I.A. 120, 67.Google Scholar
(14) Daykin, C. D. (1993). Retirement provision in the countries of the E.C. Groupe Consultatif.Google Scholar
(15) Institute of Actuaries/Faculty of Actuaries (1993). Capital projects—investing for tomorrow. Conference, 25 May 1993.Google Scholar