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Centre for Policy on Ageing | |
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A new pension settlement for the twenty-first century
— the second report of the Pensions Commission | | Author(s) | Adair Turner |
| Corporate Author | Pensions Commission |
| Publisher | The Stationery Office, London, 2005 |
| Pages | 459 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. This second report sets out the Commission's conclusions on how the UK pension system is likely to evolve if policy is unchanged, and recommendations for a new policy direction. The Commission concludes that policy is not fit for purpose and that a new settlement is needed. It therefore recommends: a new policy for earnings-related provision that recognises the inherent inadequacy of a voluntary approach, but stops short of full compulsion; and a reform of state pension provision to make it simpler to understand and less means-tested. An executive summary (pp 1-40) presents the overall conclusions and outline recommendations. The report discusses and assesses alternative policy options for redesigning the state and compulsory savings systems; tax relief as an incentive to employer and individual pension saving; facilitating later working and flexible retirement; implementing and communicating changes to the state system; and securing and maintaining a long-term consensus on pensions. (RH). |
| Accession Number | CPA-051130001 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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