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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
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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

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References

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