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Centre for Policy on Ageing | |
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Pensions: challenges and choices
— the first report of the Pensions Commission: executive summary | | Author(s) | Adair Turner |
| Corporate Author | Pensions Commission |
| Publisher | The Stationery Office, London, 2004 |
| Pages | 15 pp |
| Source | TSO, PO Box 29, Norwich NR3 1GN. www.tso.co.uk/bookshop Also available at: http://www.pensionscommission.org.uk |
| Keywords | Pensions ; Supplementary pensions ; Private pensions ; Social policy ; Government publications. |
| Annotation | The Pensions Commission was appointed in December 2002 with the remit of keeping under review the adequacy of private pension saving in the UK, and advising of appropriate policy changes, including whether there is a need to "move beyond the voluntary approach". This document outlines the key conclusions of the first report's eight chapters: the demographic challenge and unavoidable choices; past and possible future trends in average retirement ages; trends in the UK pensions system; the use and decline of the defined benefit final salary pension; pension adequacy if trends are unchanged; non-pension saving and housing; and barriers to a voluntary pensions saving system; and women and pensions. Three possible ways are suggested of achieving adequate pension provision: a major revitalisation of the pension system; and/or significant changes to the state system; and/or an increased level of compulsory pension saving beyond that already implicit in the UK system. The consultation process is outlined, on which a second report is planned for Autumn 2005. (RH). |
| Accession Number | CPA-041013002 B |
| Classmark | JJ: JJH: JK: TM2 6OA |
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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