EUROPEAN PAPERS ON THE NEW WELFARE

The Four Pillars of U.S. Retirement

1. Introduction

Prudential has developed the “Four Pillars of U.S. Retirement” as a framework to discuss how Americans will prepare for and live in retirement. The Four Pillars have their origin in the traditional ‘three-legged stool’ of retirement security: Social Security, Employment-Based Plans, and Personal Savings. To this, Prudential has added a fourth Pillar, Retirement Choices, to capture emerging, non-traditional tools available for today’s and tomorrow’s retirees.
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Longevity, Systemic Models and Business Risk

“It is better to have a permanent income than to be fascinating.” Oscar Wilde.
“Specialization may be a great temptation for the scientist. For the philosopher it is the mortal sin.” K.R. Popper.

1. Introduction

It is certainly the case that in recent years, conference programmes, the contents pages of magazines and the daily, weekly national and international press have been crammed full of items on the issue of social security in general, and more particularly those aspects relating to complementary social security.
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Strategies for the welfare society in the larger Europe: the insurance perspective

The future welfare scenario in the European Union is taking place after the European Union’s recent enlargement to 10 new member states. It is a welcome debate, which deals with welfare issues in the context of labour and medical research.
This event enhances the historical role of Trieste as a reference point for finance and insurance in what is known as Mitteleuropa.
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The Challenge of Increasing Life Spans for Employment and Pension Schemes: An Open Letter to All Those Who Are, or Will Be, 65

Dear Madam, Dear Sir,
May I draw to your attention an issue that is constantly being talked about in the press, is on the lips of almost every politician and economist, something that you have probably had occasion to discuss even with your next-door neighbour: namely, that population ageing in industrialized countries, and in the long run in all other countries as well, is one of the major problems of our time.
Not true, I am afraid. Believing this is akin to attempting to drive a car with your eyes glued to the rear-view mirror.
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Pension Economics and the Four Pillars: Success in a Never-Ending Challenge

1. Introduction

Pensions economics is a complex field to work in, not least because of the many dimensions it covers beyond the already complex economic questions, particularly in the social and political sphere. The question as to how best (whatever this might mean in the discussion in question — and there has been a lot of confusion in the past over the target definitions) set up, finance and organize old-age security has been with us in its modern form for about a century, since Bismarck’s landmark introduction of the German social security schemes at the end of the 19th century.
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Editorial

‘Society is getting older’ — how often have we heard this statement! but it is mistaken. The lengthening of the life cycle, involving better physical and mental conditions in most cases, introduces us to a counter-ageing society, where the older generations are clearly ‘younger’ than they have been in the past (in Italian this is called the process of ‘svecchiamento’).
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