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Partnership in pensions
— an assessment | | Author(s) | Richard Disney, Carl Emmerson, Sarah Tanner |
| Corporate Author | Institute for Fiscal Studies (IFS) |
| Publisher | Institute for Fiscal Studies, London, 1999 |
| Pages | 47 pp (Commentary 78) |
| Source | IFS, 7 Ridgmount Street, London WC1E 7AE. |
| Keywords | Pensions ; Supplementary pensions ; Private pensions ; Preparation [retirement] ; Social policy ; Comments or Evidence submitted. |
| Annotation | The UK pension system has been reformed almost continuously since the State Earnings-Related Pension Scheme (SERPS) was introduced a quarter of a century ago. In this Commentary, the authors consider the Government's arguments for further reform set out in the Green Paper, "A new contract for welfare: partnership in pensions" (Cm 4179), and whether its proposals are likely to achieve their stated aims. They describe the present pension system in the UK and the incomes received by present generations of pensioners. The impact of successive reforms made in the last 25 years and the arguments for further reform are considered. The three main elements of the Government's proposals - the Minimum Income Guarantee, the Second State Pension (SSP), and Stakeholder Pensions - are examined in detail, and how these will fit in with Individual Savings Accounts (ISAs) and Lifetime Individual Savings Accounts (LISAs). This study is part of the research programme "The changing distribution of consumption, economic resources and welfare of households" at the IFS, funded by the Leverhulme Trust, and part of the ESRC Centre for the Microeconomic Analysis of Fiscal Policy's research programme at IFS. (RH). |
| Accession Number | CPA-990420219 B |
| Classmark | JJ: JJH: JK: GA: TM2: 6PM |
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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