The Meaning of Life: An Uncertain Future for the Traditional Life Company Business Model in the UK’s Private Sector Pensions Market

Pensions Institute Report, 2015

95 Pages Posted: 18 Jun 2020

See all articles by Debbie Harrison

Debbie Harrison

affiliation not provided to SSRN

David P. Blake

City, University of London

Date Written: November 1, 2015

Abstract

This report sets out the results of an independent investigation of the UK’s life company business model in the context of the dramatic changes to the private sector pensions market. The main focus is the defined contribution (DC) market, including the back books of the pre-2001 era and the books of more recent workplace schemes and individual plans for the periods of accumulation (contributions) and decumulation (withdrawals of cash and regular retirement income). We also consider insurance solutions in the defined benefit (DB) pensions market, namely, bulk-purchase annuities (BPAs).

JEL Classification: G22

Suggested Citation

Harrison, Debbie and Blake, David P., The Meaning of Life: An Uncertain Future for the Traditional Life Company Business Model in the UK’s Private Sector Pensions Market (November 1, 2015). Pensions Institute Report, 2015, Available at SSRN: https://ssrn.com/abstract=3610381

Debbie Harrison

affiliation not provided to SSRN

David P. Blake (Contact Author)

City, University of London ( email )

106 Bunhill Row
London, EC1Y 8TZX
Great Britain
+44 (0) 20-7040-8600 (Phone)
+44 (0) 20-7040-8881 (Fax)

HOME PAGE: http://www.pensions-institute.org/

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