http://www3.open.ac.uk/courses/db234-podcastcourse Over the last three decades major events, scandals and regulations have shocked the pension system. Have the public lost faith in occupational and private pensions? Should the state pension be enough to see us through our old age? And with the non-working to working ratio continuing to rapidly increase, who will pay? We hear from those that were directly affected by the scandals of the 90's and the collapse in private pensions since - and from the experts whose job it is to help us make provisions for old age. This material forms part of The Open University course DB234 Personal investment in an uncertain world The Open University 2010 en Wed, 13 Feb 2013 07:05:53 +0000 OU Podcast System by KMi http://blogs.law.harvard.edu/tech/rss http://media-podcast.open.ac.uk/feeds/db234-03-pensions/db234.03-artwork_00531_std.jpg http://www3.open.ac.uk/courses/db234-podcastcourse The pensions timebomb - for iPad/Mac/PC Over the last three decades major events, scandals and regulations have shocked the pension system. Have the public lost faith in occupational and private pensions? Should the state pension be enough to see us through our old age? And with the non-working to working ratio continuing to rapidly increase, who will pay? We hear from those that were directly affected by the scandals of the 90's and the collapse in private pensions since - and from the experts whose job it is to help us make provisions for old age. This material forms part of The Open University course DB234 Personal investment in an uncertain world Robert Maxwell, newspapers, Margret Thatcher, 80s, 1980, bust, market, crash Over the last three decades major events, scandals and regulations have shocked the pension system. Have the public lost faith in occupational and private pensions? Should the state pension be enough to see us through our old age? And with the non-working to working ratio continuing to rapidly increase, who will pay? We hear from those that were directly affected by the scandals of the 90's and the collapse in private pensions since - and from the experts whose job it is to help us make provisions for old age. This material forms part of The Open University course DB234 Personal investment in an uncertain world Robert Maxwell, newspapers, Margret Thatcher, 80s, 1980, bust, market, crash The Open University true A short introduction to this album. The pension timebomb A short introduction to this album. A short introduction to this album. The Open University No A short introduction to this album. 1 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/desktop-all/db234timebomb-intro.mp3 Mon, 29 Mar 2010 01:53:17 +0100 00:00:57 Transcript -- A short introduction to this album. Transcript -- The pension timebomb Transcript -- A short introduction to this album. A short introduction to this album. The Open University No Transcript -- A short introduction to this album. 2 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/transcript/db234timebomb-intro_00531_6500.pdf Mon, 29 Mar 2010 01:53:16 +0100 Why has there been such sever shocks to the pension system that over the last three decades? The history of the pension Why has there been such sever shocks to the pension system that over the last three decades? Cadburys, roundtree, 40's, 50's, disaster Why has there been such sever shocks to the pension system that over the last three decades? Cadburys, roundtree, 40's, 50's, disaster The Open University No Why has there been such sever shocks to the pension system that over the last three decades? 3 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/desktop-all/db234timebomb01.m4v Mon, 29 Mar 2010 01:52:17 +0100 00:03:39 Transcript -- Why has there been such sever shocks to the pension system that over the last three decades? Transcript -- The history of the pension Transcript -- Why has there been such sever shocks to the pension system that over the last three decades? Cadburys, roundtree, 40's, 50's, disaster Why has there been such sever shocks to the pension system that over the last three decades? Cadburys, roundtree, 40's, 50's, disaster The Open University No Transcript -- Why has there been such sever shocks to the pension system that over the last three decades? 4 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/transcript/db234timebomb01_00531_6501.pdf Mon, 29 Mar 2010 01:52:16 +0100 Nowadays many people are forced to work beyond retirement age, how did this occur and where did it all go wrong? Final salary pension schemes Nowadays many people are forced to work beyond retirement age, how did this occur and where did it all go wrong? 65, boom, 18, youth, tax Nowadays many people are forced to work beyond retirement age, how did this occur and where did it all go wrong? 65, boom, 18, youth, tax The Open University No Nowadays many people are forced to work beyond retirement age, how did this occur and where did it all go wrong? 5 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/desktop-all/db234timebomb02.m4v Mon, 29 Mar 2010 01:51:17 +0100 00:02:17 Transcript -- Nowadays many people are forced to work beyond retirement age, how did this occur and where did it all go wrong? Transcript -- Final salary pension schemes Transcript -- Nowadays many people are forced to work beyond retirement age, how did this occur and where did it all go wrong? 65, boom, 18, youth, tax Nowadays many people are forced to work beyond retirement age, how did this occur and where did it all go wrong? 65, boom, 18, youth, tax The Open University No Transcript -- Nowadays many people are forced to work beyond retirement age, how did this occur and where did it all go wrong? 6 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/transcript/db234timebomb02_00531_6502.pdf Mon, 29 Mar 2010 01:51:16 +0100 How did £440 million go missing from The Mirror Group pension fund? Who was responsible and what were the repercussions? Occupational pension scandals How did £440 million go missing from The Mirror Group pension fund? Who was responsible and what were the repercussions? personal, funds, credit, borrow How did £440 million go missing from The Mirror Group pension fund? Who was responsible and what were the repercussions? personal, funds, credit, borrow The Open University No How did £440 million go missing from The Mirror Group pension fund? Who was responsible and what were the repercussions? 7 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/desktop-all/db234timebomb03.m4v Mon, 29 Mar 2010 01:50:17 +0100 00:03:29 Transcript -- How did £440 million go missing from The Mirror Group pension fund? Who was responsible and what were the repercussions? Transcript -- Occupational pension scandals Transcript -- How did £440 million go missing from The Mirror Group pension fund? Who was responsible and what were the repercussions? personal, funds, credit, borrow How did £440 million go missing from The Mirror Group pension fund? Who was responsible and what were the repercussions? personal, funds, credit, borrow The Open University No Transcript -- How did £440 million go missing from The Mirror Group pension fund? Who was responsible and what were the repercussions? 8 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/transcript/db234timebomb03_00531_6503.pdf Mon, 29 Mar 2010 01:50:16 +0100 In 1995 the government introduced a pensions regulator to oversee the schemes, their task was to ensure that these scandals didn’t re-occur. Regulating pensions In 1995 the government introduced a pensions regulator to oversee the schemes, their task was to ensure that these scandals didn’t re-occur. FSA, Financial services regulator In 1995 the government introduced a pensions regulator to oversee the schemes, their task was to ensure that these scandals didn’t re-occur. FSA, Financial services regulator The Open University No In 1995 the government introduced a pensions regulator to oversee the schemes, their task was to ensure that these scandals didn’t re-occur. 9 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/desktop-all/db234timebomb04.m4v Mon, 29 Mar 2010 01:49:17 +0100 00:03:35 Transcript -- In 1995 the government introduced a pensions regulator to oversee the schemes, their task was to ensure that these scandals didn’t re-occur. Transcript -- Regulating pensions Transcript -- In 1995 the government introduced a pensions regulator to oversee the schemes, their task was to ensure that these scandals didn’t re-occur. FSA, Financial services regulator In 1995 the government introduced a pensions regulator to oversee the schemes, their task was to ensure that these scandals didn’t re-occur. FSA, Financial services regulator The Open University No Transcript -- In 1995 the government introduced a pensions regulator to oversee the schemes, their task was to ensure that these scandals didn’t re-occur. 10 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/transcript/db234timebomb04_00531_6504.pdf Mon, 29 Mar 2010 01:49:16 +0100 How did the decline of the world equity markets damage final pension schemes? What precautions should have been taken when times were good? Pensions: The rise and fall of the world equity markets How did the decline of the world equity markets damage final pension schemes? What precautions should have been taken when times were good? recession, crunch, banks, stock How did the decline of the world equity markets damage final pension schemes? What precautions should have been taken when times were good? recession, crunch, banks, stock The Open University No How did the decline of the world equity markets damage final pension schemes? What precautions should have been taken when times were good? 11 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/desktop-all/db234timebomb05.m4v Mon, 29 Mar 2010 01:48:17 +0100 00:03:50 Transcript -- How did the decline of the world equity markets damage final pension schemes? What precautions should have been taken when times were good? Transcript -- Pensions: The rise and fall of the world equity markets Transcript -- How did the decline of the world equity markets damage final pension schemes? What precautions should have been taken when times were good? recession, crunch, banks, stock How did the decline of the world equity markets damage final pension schemes? What precautions should have been taken when times were good? recession, crunch, banks, stock The Open University No Transcript -- How did the decline of the world equity markets damage final pension schemes? What precautions should have been taken when times were good? 12 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/transcript/db234timebomb05_00531_6505.pdf Mon, 29 Mar 2010 01:48:16 +0100 As the non-working to working ratio increases, what available options do we have to ensure we don’t grow old in poverty? Raising the retirement age As the non-working to working ratio increases, what available options do we have to ensure we don’t grow old in poverty? challenges, scrapped, money, discrimination As the non-working to working ratio increases, what available options do we have to ensure we don’t grow old in poverty? challenges, scrapped, money, discrimination The Open University No As the non-working to working ratio increases, what available options do we have to ensure we don’t grow old in poverty? 13 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/desktop-all/db234timebomb06.m4v Mon, 29 Mar 2010 01:47:17 +0100 00:04:20 Transcript -- As the non-working to working ratio increases, what available options do we have to ensure we don’t grow old in poverty? Transcript -- Raising the retirement age Transcript -- As the non-working to working ratio increases, what available options do we have to ensure we don’t grow old in poverty? challenges, scrapped, money, discrimination As the non-working to working ratio increases, what available options do we have to ensure we don’t grow old in poverty? challenges, scrapped, money, discrimination The Open University No Transcript -- As the non-working to working ratio increases, what available options do we have to ensure we don’t grow old in poverty? 14 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/transcript/db234timebomb02_00531_6506.pdf Mon, 29 Mar 2010 01:47:16 +0100 How can the government help in encouraging future generations to save and make provisions for their retirement? What is the UK government doing? How can the government help in encouraging future generations to save and make provisions for their retirement? business, unfair dismissal, law How can the government help in encouraging future generations to save and make provisions for their retirement? business, unfair dismissal, law The Open University No How can the government help in encouraging future generations to save and make provisions for their retirement? 15 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/desktop-all/db234timebomb07.m4v Mon, 29 Mar 2010 01:46:17 +0100 00:03:15 Transcript -- How can the government help in encouraging future generations to save and make provisions for their retirement? Transcript -- What is the UK government doing? Transcript -- How can the government help in encouraging future generations to save and make provisions for their retirement? business, unfair dismissal, law How can the government help in encouraging future generations to save and make provisions for their retirement? business, unfair dismissal, law The Open University No Transcript -- How can the government help in encouraging future generations to save and make provisions for their retirement? 16 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/transcript/db234timebomb07_00531_6507.pdf Mon, 29 Mar 2010 01:46:16 +0100 With an uncertain future is it our duty to look after the retired? Or is it the individuals responsibility to plan for old age? Will we have enough money when we retire? With an uncertain future is it our duty to look after the retired? Or is it the individuals responsibility to plan for old age? planning, long-term, future, generations With an uncertain future is it our duty to look after the retired? Or is it the individuals responsibility to plan for old age? planning, long-term, future, generations The Open University No With an uncertain future is it our duty to look after the retired? Or is it the individuals responsibility to plan for old age? 17 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/desktop-all/db234timebomb08.m4v Mon, 29 Mar 2010 01:45:17 +0100 00:04:38 Transcript -- With an uncertain future is it our duty to look after the retired? Or is it the individuals responsibility to plan for old age? Transcript -- Will we have enough money when we retire? Transcript -- With an uncertain future is it our duty to look after the retired? Or is it the individuals responsibility to plan for old age? planning, long-term, future, generations With an uncertain future is it our duty to look after the retired? Or is it the individuals responsibility to plan for old age? planning, long-term, future, generations The Open University No Transcript -- With an uncertain future is it our duty to look after the retired? Or is it the individuals responsibility to plan for old age? 18 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/transcript/db234timebomb08_00531_6508.pdf Mon, 29 Mar 2010 01:45:16 +0100 The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman discuss the ideas and developments in the UK pension industry and future plans to secure provisions for old age. Pensions in context The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman discuss the ideas and developments in the UK pension industry and future plans to secure provisions for old age. The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman discuss the ideas and developments in the UK pension industry and future plans to secure provisions for old age. The Open University No The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman discuss the ideas and developments in the UK pension industry and future plans to secure provisions for old age. 19 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/desktop-all/db234_pensions_extra.mp3 Mon, 29 Mar 2010 01:44:48 +0100 00:15:36 Transcript -- The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman discuss the ideas and developments in the UK pension industry and future plans to secure provisions for old age. Transcript -- Pensions in context Transcript -- The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman discuss the ideas and developments in the UK pension industry and future plans to secure provisions for old age. The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman discuss the ideas and developments in the UK pension industry and future plans to secure provisions for old age. The Open University No Transcript -- The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman discuss the ideas and developments in the UK pension industry and future plans to secure provisions for old age. 20 http://www3.open.ac.uk/study/undergraduate/social-sciences/index.htm?LKCAMPAIGN=it001_sub&MEDIA=it001_ssc http://podcast.open.ac.uk/feeds/db234-03-pensions/transcript/db234timebomb09-context_00531_6725.pdf Mon, 29 Mar 2010 01:44:47 +0100