Defined-benefit pensions. The employer promised; some still pay.
It is a financial instrument.
It exists to relieve Money must arrive every month without a job and Someone still depended on the income. That is the whole reason it is here: nothing enters this map without a human problem behind it.
It could not exist without Pension law and Actuarial science. These are the quiet preconditions — remove any one and the solution stops working.
2 organisations in this map sell it, 2 of them publicly listed.
Its neighbourhood
Everything this entry connects to directly. Click any point to follow it.
The line back to a human being
2 hops from a person at a phase of life. The further a thing sits from the person, the more abstract it looks — and the more it tends to be mistaken for something that came from nowhere.
- SolutionDefined-benefit pensions
- FrictionMoney must arrive every month without a job
- Life phaseRetirement
- Rooted inScarce resources
- Rooted inUncertainty
Relieves
Requires
Who sells it
| Organisation | Value | Type | Products |
|---|---|---|---|
| Prudential Financial | $40B | public · PRU | term and permanent life insurance, annuities, retirement plans |
| Legal & General | $18B | public · LGEN | annuities, pension risk transfer, asset management |