IDEAS home Printed from https://ideas.repec.org/a/mul/je8794/doi10.1429-29332y2009i1p31-56.html
   My bibliography  Save this article

Funded Pension Schemes and the Payout Phase

Author

Listed:
  • Ignazio Visco

Abstract

In the wake of a dramatic financial crisis and with the first waves of baby boomers approaching retirement we hardly need to think about how best arrive at the pension funds' payout phase. This paper argues that there is a urgent need to raise retirement saving, to reduce defined contribution plan members' exposure to investment risks and to provide the financial industry with cheap and safe payout instruments. These challenges are also likely to call for a more active government role, that could take the form of minimal guarantees provided to pension funds and annuity providers at prices that compensate the risks.

Suggested Citation

  • Ignazio Visco, 2009. "Funded Pension Schemes and the Payout Phase," Politica economica, Società editrice il Mulino, issue 1, pages 31-56.
  • Handle: RePEc:mul:je8794:doi:10.1429/29332:y:2009:i:1:p:31-56
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1429/29332
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://www.rivisteweb.it/doi/10.1429/29332
    Download Restriction: no
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:je8794:doi:10.1429/29332:y:2009:i:1:p:31-56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rivisteweb.it/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.