| |
Centre for Policy on Ageing | |
 | |
|
From Beveridge to Turner
— demography, distribution and the future of pensions in the UK | | Author(s) | John Hills |
| Corporate Author | ESRC Centre for Analysis of Social Exclusion - CASE, Suntory-Toyota International Centres for Economics and Related Disciplines - STICERD, London School of Economics and Political Science |
| Publisher | STICERD, London, 2006 |
| Pages | 25 pp (CASEpaper 110) |
| Source | Centre for Analysis of Social Exclusion, London School of Economics, Houghton Street, London WC2A 2AE. http://sticerd.lse.ac.uk/case |
| Keywords | Pensions ; Supplementary pensions ; Private pensions ; Demography ; Social policy. |
| Annotation | This paper outlines the recommendations of the UK Pensions Commission chaired by Adair Turner, and of which the author was a member. The paper also examines the data and analysis on which the recommendations were based, including projections of demographic change, trends in private pension saving, and evolution of the state pension system. The Commission concluded that without reform, structural problems with UK pensions would lead to increasingly inadequate and inequitable pension provision in 15-20 years time. It recommended reforms which would lead to a more generous, more universal and less means-tested state system that would otherwise evolve, and the establishment of a low cost National Pensions Savings Scheme (NPSS), into which employees without good employer provision would automatically be enrolled. The proposals - which have largely been adopted by the UK government - imply eventual increases both in state spending on pensions as a share of national income and in State Pension Age (SPA), but accompanied by measures to facilitate later and more flexible retirement. (RH). |
| Accession Number | CPA-060711207 B |
| Classmark | JJ: JJH: JK: S8: TM2 |
Data © Centre for Policy on Ageing |
|
| ...from the Ageinfo database published by Centre for Policy on Ageing. |
| |
|