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

Alistair Byrne, Debbie Harrison, Bill Rhodes, David Blake

Research output: Contribution to journalArticle

1 Citation (Scopus)

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.
LanguageEnglish
Pages9-16
Number of pages7
JournalEconomic Affairs
Volume26
Issue number2
DOIs
Publication statusPublished - Jun 2006

Fingerprint

pension
legislation
act
sponsoring
employer
governance

Keywords

  • Pensions Act
  • occupational pensions marketplace

Cite this

Byrne, Alistair ; Harrison, Debbie ; Rhodes, Bill ; Blake, David. / Pyrrhic victory?: the unintended consequence of the Pensions Act 2004. In: Economic Affairs. 2006 ; Vol. 26, No. 2. pp. 9-16.
@article{fa2fd1b2438e40b8835ddf1f12790a81,
title = "Pyrrhic victory?: the unintended consequence of the Pensions Act 2004",
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.",
keywords = "Pensions Act, occupational pensions marketplace",
author = "Alistair Byrne and Debbie Harrison and Bill Rhodes and David Blake",
year = "2006",
month = "6",
doi = "10.1111/j.1468-0270.2006.00625.x",
language = "English",
volume = "26",
pages = "9--16",
journal = "Economic Affairs",
issn = "0265-0665",
number = "2",

}

Pyrrhic victory?: the unintended consequence of the Pensions Act 2004. / Byrne, Alistair; Harrison, Debbie; Rhodes, Bill; Blake, David.

In: Economic Affairs, Vol. 26, No. 2, 06.2006, p. 9-16.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Pyrrhic victory?: the unintended consequence of the Pensions Act 2004

AU - Byrne, Alistair

AU - Harrison, Debbie

AU - Rhodes, Bill

AU - Blake, David

PY - 2006/6

Y1 - 2006/6

N2 - 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.

AB - 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.

KW - Pensions Act

KW - occupational pensions marketplace

UR - http://dx.doi.org/10.1111/j.1468-0270.2006.00625.x

U2 - 10.1111/j.1468-0270.2006.00625.x

DO - 10.1111/j.1468-0270.2006.00625.x

M3 - Article

VL - 26

SP - 9

EP - 16

JO - Economic Affairs

T2 - Economic Affairs

JF - Economic Affairs

SN - 0265-0665

IS - 2

ER -