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Centre for Policy on Ageing | |
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Securing our future
— developing sustainable pension provision in the UK | | Author(s) | Richard Greenhalgh |
| Corporate Author | Pensions Strategy Group, Confederation of British Industry - CBI |
| Publisher | CBI, London, 2004 |
| Pages | 40 pp |
| Source | CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU. Website: www.cbi.org.uk/bookshop |
| Keywords | Pensions ; Private pensions ; Retirement policy ; Employers ; Social policy. |
| Annotation | Lower living standards for future generations of pensioners is unacceptable, given the crisis in pensions that is emerging. The Pensions Strategy Group, chaired by Richard Greenhalgh, makes best practice guidelines and recommendations which it hopes will improve future pension provision. Among its recommendations is that the state pension age (SPA) should rise to 70 between 2020 and 2030 to reflect increased life expectancy. This would be in tandem with policies facilitating greater participation by older workers, which would in turn help to fund a gradual increase in state-funded pensions. The importance of a "robust savings culture", in which individuals take responsibility for planning for their retirement, is emphasised. The voluntary approach to retirement savings should also be used to encourage employers to provide - and employees to take up - good quality pension provision. A range of options for contributing to pensions to suit low to middle income groups and all sizes of employers is suggested. This report is the Strategy Group's contribution towards rebuilding a consensus on UK pension policy. (RH). |
| Accession Number | CPA-040722001 B |
| Classmark | JJ: JK: G5: TF: TM2 |
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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