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Response to the Department for Work and Pensions consultation paper "Simplicity, security and choice: working and saving for retirement"
Author(s)Alison O'Connell
Corporate AuthorPensions Policy Institute - PPI
PublisherPensions Policy Institute - PPI (Electronic format only), London, 2003
Pages21 pp
SourcePensions Policy Institute, King's College, Waterloo Bridge Wing, Franklin Wilkins Building, Waterloo Road, London SE1 9NN. Downloaded document (2/4/03) www.pensionspolicyinstitute.org.uk
KeywordsPensions ; Supplementary pensions ; Private pensions ; Preparation [retirement] ; Social policy ; Comments or Evidence submitted.
AnnotationThe Pensions Policy Institute (PPI) presents evidence - from its own research and that of other organisations - to conclude that without a review of future state pensions policy, the Green Paper proposals are "not likely to improve significantly the pensions prospects for future pensioners." In particular, the proposals will still leave women poorly served by the current pension system. While some of the measures directed towards increasing the number of older workers should be successful, proposals for the deferral of state pensions do not provide a positive incentive to continue working past State Pension Age (SPA). As for private and occupational schemes, PPI believes that saving for these will still be undermined by the complexity of state pension provision, in particular the balance between contributory and means-tested provision. (RH).
Accession NumberCPA-030513225 E
ClassmarkJJ: JJH: JK: GA: TM2: 6PM

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