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Centre for Policy on Ageing | |
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Simplicity, security and choice: working and saving for retirement
— response to the Department for Work and Pensions' green paper | | Corporate Author | National Consumer Council - NCC |
| Publisher | National Consumer Council, London, March 2003 |
| Pages | 60 pp |
| Source | National Consumer Council, 20 Grosvenor Gardens, London SW1W 0DH. Website: www.ncc.org.uk |
| Keywords | Pensions ; Supplementary pensions ; Private pensions ; Preparation [retirement] ; Social policy ; Consumer ; Comments or Evidence submitted. |
| Annotation | The National Consumer Council (NCC) has a specific remit to represent the interests of disadvantaged consumers. Therefore, the focus of this response to the green paper, "Simplicity, security and choice: working and saving for retirement" (Cm 5677) is on both low-income pensioners and low-income pre-retirement consumers of all types of pension. Consumers are expected to consider state, occupational, personal and stakeholder pension saving and retirement, and this response urges policy-makers to do so too. The response is divided into chapters on state pensions, occupational pensions, the financial services industry, concluding with an assessment of the case for more compulsory pension saving. To inform its response, the NCC commissioned a representative omnibus survey and a detailed questionnaire to its Consumer Network, a standing group of consumers which is regularly surveyed by the NCC. These researches back up NCC's findings that the government's reforms will do little to guarantee low-income consumers a reasonable retirement income: a more generous state pension should be at the heart of a simpler pensions system. (RH). |
| Accession Number | CPA-030428002 B |
| Classmark | JJ: JJH: JK: GA: TM2: WY: 6PM |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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