The New Regulatory State: Regulating Pensions in Germany and the UK (Transformations of the State)

Explores the role of governments in creating and regulating private pensions in the UK and Germany since the 1980s. Private pensions have given rise to a new regulatory state in this area. The contributing authors compare pension regulation and utility regulation, while others analyse the regulatory role of the EU. The contributors to this volume take stock of the move towards private pensions in the UK and Germany since the 1980s, emphasizing the role of governments in creating and regulating private pensions. They argue that whilst the provider state has been retrenched, private pensions have given rise to a new regulatory state which follows on from the earlier regulatory state in public utilities. The contributing authors compare pension regulation and utility regulation, while others analyze the regulatory role of the EU. The burgeoning literature on regulation has paid little attention to the regulation of social security, while, conversely, social policy researchers have dealt with regulatory issues only in passing. This volume opens a dialogue between both groups of researchers. Private pension policy, which has tended to be a separate domain analyzed by economists and lawyers, is being drawn into the arena of wider welfare policies: the regulatory state meets the welfare state Cover 1 Halftitle 2 Title 6 Contents 8 List of Tables 10 List of Figures 11 Series Editors’ Preface 12 Preface and Acknowledgements 13 Notes on Contributors 18 Introduction: Towards a New Regulatory State in Old-Age Security?Exploring the Issues 20 Part I Theories of Social and Economic Regulation 48 1 The Transformations of the Regulatory State 49 2 De-Regulation and Re-Regulation of Public Utilities: The New Regulatory State in the European System of Multi-Level 75 3 Limits to the Regulated Market: The UK Experiment 98 Part II Pension Privatization and Regulation in Britain and Germany 119 4 Back to the State? The Public Policies of Private and Public Pensions in Britain 120 5 New Private Pensions in Germany: A Pension Market ora Branch of the Welfare State? Contested Regulatory Issues 144 Part III The Role of the EU 167 6 ‘Social Europe’ in Old-Age Security? EU Policies of Publicand Private Pensions 168 7 Policies of the EU towards Occupational Pensions:Limits to Regulation 190 Part IV Comparative and Conceptual Perspectives 204 8 The Regulatory Politics of Private Pensions in the UK and Germany 205 9 The Regulatory Policies of Private Pensions in the UK andGermany: Goals and Instruments of Regulation in a Welfare State Environment 225 Part V Conclusion: Identifying the New Regulatory State 247 10 Varieties of Market Regulation: Comparing the New Pension Regulation to the Regulation of Public Utilities 250 11 Transformations of the State: Comparing the New RegulatoryState to the Post-War Provider State 267 12 Varieties of the New Regulatory State: Comparing the UK andGermany 288 Afterword: Rethinking the Nation State 302 Index 326 Front Matter....Pages i-xviii Introduction: Towards a New Regulatory State in Old-Age Security? Exploring the Issues....Pages 1-28 Front Matter....Pages 29-29 The Transformations of the Regulatory State....Pages 31-56 De-Regulation and Re-Regulation of Public Utilities: The New Regulatory State in the European System of Multi-Level Governance....Pages 57-79 Limits to the Regulated Market: The UK Experiment....Pages 80-100 Front Matter....Pages 101-101 Back to the State? The Public Policies of Private and Public Pensions in Britain....Pages 103-126 New Private Pensions in Germany: A Pension Market or a Branch of the Welfare State? Contested Regulatory Issues....Pages 127-149 Front Matter....Pages 151-151 ‘Social Europe’ in Old-Age Security? EU Policies of Public and Private Pensions....Pages 153-174 Policies of the EU towards Occupational Pensions: Limits to Regulation....Pages 175-188 Front Matter....Pages 189-189 The Regulatory Politics of Private Pensions in the UK and Germany....Pages 191-210 The Regulatory Policies of Private Pensions in the UK and Germany: Goals and Instruments of Regulation in a Welfare State Environment....Pages 211-232 Front Matter....Pages 233-235 Varieties of Market Regulation: Comparing the New Pension Regulation to the Regulation of Public Utilities....Pages 237-253 Transformations of the State: Comparing the New Regulatory State to the Post-War Provider State....Pages 254-274 Varieties of the New Regulatory State: Comparing the UK and Germany....Pages 275-288 Afterword: Rethinking the Nation State....Pages 289-312 Back Matter....Pages 313-317 Introduction : towards a new regulatory state in old-age security? : exploring the issues / Lutz Leisering, Deborah Mabbett The transformations of the regulatory state / Giandomenico Majone De-regulation and re-regulation of public utilities : the new regulatory state in the European system of multi-level governance / Edgar Grande Limits to the regulated market : the UK experiment / Peter Taylor-Gooby Back to the state? : the public policies of private and public pensions in Britain / Christian Marschallek New private pensions in Germany : a pension market or a branch of the welfare state?, contested regulatory issues / Frank Berner 'Social Europe' in old-age security? : EU policies of public and private pensions / Ulrike Davy Policies of the EU towards occupational pensions : limits to regulation / Markus Haverland The regulatory politics of private pensions in the UK and Germany / Deborah Mabbett The regulatory policies of private pensions in the UK and Germany : goals and instruments of regulation in a welfare state environment / Lutz Leisering Varieties of market regulation : comparing the new pension regulation to the regulation of public utilities / Lutz Leisering Transformations of the state : comparing the new regulatory state to the post-war provider state / Lutz Leisering Varieties of the new regulatory state : comparing the UK and Germany / Lutz Leisering Afterword : rethinking the nation state / Lutz Leisering. Annotation Explores the role of governments in creating and regulating private pensions in the UK and Germany since the 1980s. Private pensions have given rise to a new regulatory state in this area. The contributing authorscompare pension regulation and utility regulation, while others analyse the regulatory role of the EU