Pensions tax - BDA needs you By Phil McEvoy, BDA Head of Pensions

Bda=ml + Cc

Although the term Big Data has become popular, there is no general consensus about what it really means. Often, many professional data analysts would imply the process of Extraction, Transformation and Load (ETL) for large datasets as the connotation of Big Data. A popular description of Big Data is based on three attributes of data: volume, velocity, and variety (or 3Vs). Nevertheless, it does...

Longevity and Pay-as-you-Go Pensions∗

This paper aims at investigating whether or not a utilitarian social planner should subsidize longevity-enhancing expenditures in an economy with a PAYG pension system. For that purpose, a simple two-period OLG model is developed, in which the length of the second period of life can be raised by private health spendings. Focussing on the steady-state, it is shown that the sign of the optimal su...

Pensions

and adaptability on the other need very careful adjustment. It is pleasing to read that the authors advocate giving full range to the more generous sentiments of human nature, and that they treat this subject sympathetically, but at the same time they endeavour to eliminate abuse as far as possible. The scheme of the book is interesting, it traces the history of the pension system from its ince...

Bayesian Network Model for BDA

CEO Pensions

We examine whether CEO power can explain the vast amount defined benefit pensions received by them. Analyzing a sample of UK firms from 2003 to 2006, we find that pensions constitutes of almost 15% of the average CEO compensation. Statistical analysis shows that the variables representing increased CEO power have a positive influence on pension pay. We also find that the presence of defined ben...