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Pyrrhic victory?: the unintended consequence of the Pensions Act 2004

Byrne, Alistair and Harrison, Debbie and Rhodes, Bill and Blake, David (2006) Pyrrhic victory?: the unintended consequence of the Pensions Act 2004. Economic Affairs, 26 (2). pp. 9-16. ISSN 0265-0665

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Abstract

The UK's 2004 Pensions Act is a far-reaching piece of legislation, with significant implications for the occupational pensions marketplace. The Act is intended to improve the governance of pension schemes and increase the security of the members' accrued benefits. However, our research suggests that it will have serious and adverse unintended consequences. The most significant of these will be to undermine occupational pension provision by placing an increased burden on sponsoring employers, whose involvement in pension provision is on a voluntary basis.

Item type: Article
ID code: 5544
Keywords: Pensions Act, occupational pensions marketplace, Commerce, Development, Aerospace Engineering, Geography, Planning and Development
Subjects: Social Sciences > Commerce
Department: Strathclyde Business School > Accounting and Finance
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 02 Mar 2008
    Last modified: 04 Sep 2014 17:23
    URI: http://strathprints.strath.ac.uk/id/eprint/5544

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