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Réglementation des retraites privées : le cas du Royaume-Uni

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  • E. Philip Davis

Abstract

[eng] Regulation of private pensions : a case study of the UK . There are three economic justifications to the regulation of pension funds : information assymetries, a too important market power, and externalities (due to systemic risk). In this article, the author thinks that the English regulation is adequate. . Classification JEL : G23, G28 [fre] Il commence par analyser les fondements économiques d’une telle régulation qui sont principalement de trois types : les asymétries d’information entre épargnants et gestionnaires des fonds ; le risque d’un pouvoir de marché excessif des fonds, notamment lorsque les contributions sont obligatoires ; et les externalités, essentiellement les risques systémiques en cas de défaillance d’un ou de plusieurs fonds, ces risques étant beaucoup plus importants dans les régimes de retraites à prestations définies. Philip Davis considère que, dans l’ensemble, le dispositif actuel de régulation des fonds de pension privés au Royaume-Uni fonctionne d’une manière satisfaisante dans la mesure où un équilibre semble avoir été trouvé entre les coûts de cette régulation pour les fonds de pension et les avantages de celle-ci du point de vue de la protection des épargnants. . Classification JEL : G23, G28

Suggested Citation

  • E. Philip Davis, 2000. "Réglementation des retraites privées : le cas du Royaume-Uni," Revue d'Économie Financière, Programme National Persée, vol. 60(5), pages 175-195.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2000_num_60_5_3655
    DOI: 10.3406/ecofi.2000.3655
    Note: DOI:10.3406/ecofi.2000.3655
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    References listed on IDEAS

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    1. B. Douglas Bernheim & John Karl Scholz, 1993. "Private Saving and Public Policy," NBER Chapters, in: Tax Policy and the Economy, Volume 7, pages 73-110, National Bureau of Economic Research, Inc.
    2. Zvi Bodie & E. P. Davis (ed.), 2000. "The Foundations of Pension Finance," Books, Edward Elgar Publishing, volume 0, number 1853.
    3. Dilnot, Andrew & Disney, Richard & Johnson, Paul & Whitehouse, Edward, 1994. "Pensions policy in the UK: An economic analysis," MPRA Paper 10478, University Library of Munich, Germany.
    4. Blake, David, 2000. "Does It Matter What Type of Pension Scheme You Have?," Economic Journal, Royal Economic Society, vol. 110(461), pages 46-81, February.
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    More about this item

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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