Gregory, Alan; Tonks, Ian - London School of Economics (LSE) - 2004
This paper examines the performance of personal pensions (exempt unit trusts) in the UK 1980-2000. Unitised personal … accessed at retirement. By studying the performance of these schemes we are able to assess the role of illiquidity in retail … reports on the growth in personal pension schemes over this twenty-year period. The paper then assesses the performance of …