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When is a promise a strategic liability?

When is a promise a strategic liability? Employers offer pension plans for two main reasons: paternalism and skills market competitiveness. Recent changes in legislation and business practice have prompted the scrutiny of the underpinnings for such a management tradition. Identifies several relevant factors that derive from: field work undertaken by the authors; the Pensions Act 1995; and recent changes to corporations tax. It is argued that what has emerged is a sharply focused trade-off, relating to the asset and liability characteristics of employer-based pension schemes. This questions the sustainability of all types of pension plans, and thereby has a place in strategies affecting financial planning and business development. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Employee Relations: An International Journal Emerald Publishing

When is a promise a strategic liability?

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Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
0142-5455
DOI
10.1108/01425450010332541
Publisher site
See Article on Publisher Site

Abstract

Employers offer pension plans for two main reasons: paternalism and skills market competitiveness. Recent changes in legislation and business practice have prompted the scrutiny of the underpinnings for such a management tradition. Identifies several relevant factors that derive from: field work undertaken by the authors; the Pensions Act 1995; and recent changes to corporations tax. It is argued that what has emerged is a sharply focused trade-off, relating to the asset and liability characteristics of employer-based pension schemes. This questions the sustainability of all types of pension plans, and thereby has a place in strategies affecting financial planning and business development.

Journal

Employee Relations: An International Journal – Emerald Publishing

Published: Jun 1, 2000

Keywords: Legislation; Corporation tax; Financial planning; Business development; United Kingdom

References

  • Cm 2342 – II.
    Goode Committee