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How can the pensions market be made to work better?
Author(s) -
Sadler J. S.
Publication year - 1997
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/1468-0270.00024
Subject(s) - profitability index , agency (philosophy) , competition (biology) , work (physics) , business , investment (military) , industrial organization , finance , market competition , financial services , economics , market economy , engineering , mechanical engineering , ecology , philosophy , epistemology , politics , political science , law , biology
Consumers are very dissatisfied with the pensions market and it is unlikely that Financial Services Act regulation will improve the situation. More effective competition between suppliers is more likely to be successful and ways need to be found to increase it rapidly from its current low level. More sclosure f information, particularly about the profitability of new business and investment returns is needed, as is an independent rating agency.