Table of Contents

Part I: The Historical Development of Pensions and Pension Schemes in the United Kingdom
1: The Development of State Pensions
2: The Development of Occupational, Personal, and Stakeholder Pension Schemes
3: The Role of the State in the Development of Pensions and Pension Schemes
Part II: Pensions and Pension Schemes in the United Kingdom
4: The Basic State Pension Scheme, the Minimum Income Guarantee, and the Pension Credit
5: The State Second Pension Scheme and its Predecessors
6: Occupational Pension Schemes
7: Personal and Stakeholder Pension Schemes
8: Self-Employed, Partners', Executives', and Directors' Pension Schemes
9: Pension Choices and Retirement Decisions
10: Pensions and Public Policy
Part III: Pension Funds in the United Kingdom
11: Pension Funding in the United Kingdom
12: Pension-Fund Investments
13: Pension-Fund Management
14: Pension-Fund Investment Performance
15: The Consequences of Pension Funds for Capital Markets
Part IV: Postscript
16: The Ideal Pension Scheme
Appendix: Pensions-Related Organizations
Glossary

About the Author

David Blake is Professor of Financial Economics at Birkbeck College, University of London, and Chairman of Square Mile Consultants, a training and research consultancy. He is also a Senior Research Associate, Financial Markets Group, London School of Economics; Senior Consultant, UBS Pensions Research Centre, London School of Economics; and Research Associate, Centre for Risk & Insurance Studies, University of Nottingham Business School.

Reviews

`Review from previous edition A comprehensive history of the origins and development of British pensions both by the state and the private sector.'
Financial Times
`There is sufficient detail for the reader to obtain a broad understanding of the principles of a complicated subject ... a well-written book that will be a useful reference for anybody with an interest in pension provision in the UK.'
Times Higher Education Supplement
`David Blake sets a new standard for the notion of "in depth analysis" with his encyclopedic description of pension schemes and funds in the United Kingdom ... This book is an indispensble resource for anyone who is serious about understanding pensions ... I recommend this book for three reasons. It offers a comprehensive and dispassionate discussion of the relevant policy issues pertaining to the provision of retirement income. It contains a concise yet
surprisingly thorough description of pension investment concepts and practices, including an unusually accessible review of key quantitative tools. He looks into the future and offers a provocative list of
the attributes of the ideal pension scheme.'
Journal of Finance
`David Blake's book fills the need for an up-to-date comprehensive academic reference on British pensions ... the prose is concise, and specific information is easy to find ... It is full of gems ... The final product combines careful research with clear analytical insights, and a proposal as to how to reform the British pension system.'
Magazine of the Birkbeck Society
`Blake's book ... is a very substantial achievement.'
Economica