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Centre for Policy on Ageing | |
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Growing the UK pension pot
— the case for privatisation | | Author(s) | Philip Booth, Kristian Niemietz |
| Corporate Author | Age Endeavour Fellowship - AEF; Institute of Economic Affairs - IEA |
| Publisher | Institute of Economic Affairs, London, October 2014 |
| Pages | 59 pp (IEA Discussion paper, no 56) |
| Source | Institute of Economic Affairs, Lord North Street, London SW1P 3LB. |
| Keywords | Pensions ; Private pensions ; Reports. |
| Annotation | The system of contracting out of state pensions - a form of pension privatisation - operated very successfully in the UK until recent years with cross-party support. This was very important in ensuring that the UK system of private pension provision was one of the most successful in the Western world. The Institute of Economic Affairs (IEA) has worked with Age Endeavour Fellowship to produce reports such as this on the effects of work on ageing (http://www.ageendeavour.org.uk/research). This paper proposes reviving the concept of voluntary pension privatisation through contracting out using the proposed reformed UK pension system that will be introduced from 2016. The risks in state and private pension systems, as well as inter-generational liabilities are also considered. This paper is based on a book chapter 'Pension privatisation by choice' by the same authors in 'Pensions policies, new reforms and current challenges' (New York: Nova Science Publishers, 2014). It also forms the basis of a shorter paper by the authors, 'Privatising pensions in the UK: how to restore contracting out' (Economic Affairs, vol 34, no 2, 2014). (RH). |
| Accession Number | CPA-161018004 B |
| Classmark | JJ: JK: 6K |
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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