000			01402nam a22001577a 4500
999			_c520396 _d520396
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100			_aQwadally, I. Ram, R. and Regis, L. _934010
245			_aAn analysis of the Dutch-style pension plans proposed by UK policy-makers
260			_aJournal of Social Policy
300			_a51(2), Apr, 2022: p.325-345
520			_aCollective Defined Contribution (CDC) pension schemes are a variant of collective pension plans that are present in many countries and especially common in the Netherlands. CDC schemes are based on the pooled management of the retirement savings of all members, thereby incorporating inter-generational risk-sharing features. Employers are not subject to investment and longevity risks as these are transferred to plan members collectively. In this paper, we discuss policy related to the proposed introduction of CDC schemes to the UK. By means of a simulation-based study, we compare the performance of CDC schemes vis-à-vis typical Defined Contribution schemes under different investment strategies. We find that CDC schemes may provide retirees with a higher income replacement rate on average, together with less uncertainty. – Reproduced
650			_aCollective pension schemes, Dutch pensions, Risk-sharing mechanisms, Simulations. _932859
773			_aJournal of Social Policy
906			_aPENSIONS
942			_cAR