Download or read book A New Pension Settlement for the Twenty first Century written by Pensions Commission and published by The Stationery Office. This book was released on 2005-11-30 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pensions Commission is an independent body established by the Government to review the adequacy of current arrangements for private pensions and retirement savings in the UK and to make recommendations on appropriate policy changes, including the option of moving to a compulsory system. Following on from its first report (ISBN 0117027804) published in October 2004, this second report sets out the Commission's conclusions on the likely evolution of the UK pension system if policy is unchanged, and makes recommendations for a new policy direction. Recommendations are based on two key elements: the automatic enrolment of employees into either a new National Pensions Savings System or into existing company pension schemes, with an option for employees to opt-out, and with a modest compulsory employer matching contribution; and reform of state pension provision in order to make it simpler to understand and less means-tested. The Commission concludes that these reforms will require some increase in public expenditure on pensions as a percentage of GDP over the next 45 years, and that increases in state pension ages will be needed to keep that increase within sustainable levels over the long term. The Commission presents a range of possible combinations of public expenditure and state pensions ages, and calls for a public debate to consider these options. It also recommends the establishment of a successor body to continue to review the situation and report to Parliament and government every four years.
Download or read book A New Pension Settlement for the Twenty First Century The UK Pensions Commission s Analysis and Proposals written by John Hills and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This article summarizes the analysis and recommendations of the UK Pensions Commission, which reported in November 2005. The UK faces similar demographic challenges to other nations from increasing longevity and past fertility declines. However, in the face of them, both state and private pension provision are in decline for younger cohorts. The Commission proposes reforms to the state pension system which would make it more generous, less means-tested, and more universal than it would otherwise become. This would require both higher public spending on pensions as a share of GDP than now, and a gradual increase in state pension age after 2020. It also proposes establishment of a new National Pension Savings Scheme, into which workers would be automatically enrolled (with the right to opt out) if they were outside good employer provision, together with measures to facilitate later and more flexible retirement.
Download or read book A New Pension Settlement for the Twenty first Century written by Pensions Commission and published by The Stationery Office. This book was released on 2005-11-30 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pensions Commission is an independent body established by the Government to review the adequacy of current arrangements for private pensions and retirement savings in the UK and to make recommendations on appropriate policy changes, including the option of moving to a compulsory system. The Commission's second report sets out its conclusions on the likely evolution of the UK pension system if policy is unchanged, and makes recommendations for a new policy direction. This publication contains the appendices to the second report, including an update on data developments related to pensions policy, as well as information on analysis, research and consultation responses.
Download or read book A new pension settlement for the twenty first century written by Pensions Commission and published by Stationery Office. This book was released on 2005-11-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pensions Commission is an independent body established by the Government to review the adequacy of current arrangements for private pensions and retirement savings in the UK and to make recommendations on appropriate policy changes, including the option of moving to a compulsory system. Following on from its first report (ISBN 0117027804) published in October 2004, this second report sets out the Commission's conclusions on the likely evolution of the UK pension system if policy is unchanged, and makes recommendations for a new policy direction. Recommendations are based on two key elements: the automatic enrolment of employees into either a new National Pensions Savings System or into existing company pension schemes, with an option for employees to opt-out, and with a modest compulsory employer matching contribution; and reform of state pension provision in order to make it simpler to understand and less means-tested. The Commission concludes that these reforms will require some increase in public expenditure on pensions as a percentage of GDP over the next 45 years, and that increases in state pension ages will be needed to keep that increase within sustainable levels over the long term. The Commission presents a range of possible combinations of public expenditure and state pensions ages, and calls for a public debate to consider these options. It also recommends the establishment of a successor body to continue to review the situation and report to Parliament and government every four years.
Download or read book Pensions written by Great Britain. Pensions Commission and published by The Stationery Office. This book was released on 2004 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document summarises the first report by the Pensions Commission, an independent body established by the Government (following the publication of the Pensions Green Paper ("Simplicity, security and choice: working and saving for retirement", Cm 5677, ISBN 0101567723) in December 2002) in order to review the adequacy of current arrangements for private pensions and retirement savings in the UK and to make recommendations on appropriate policy changes. The report sets out the Commission's detailed analysis of the current situation and trends in place, challenges identified and options for policy responses; and seeks to stimulate a structured, comprehensive fact-based debate about the problems facing Britain's pension system which can contribute to the development of a sustainable pensions policy. The Commission's second report is planned for Autumn 2005 and this will include specific policy recommendations, following a public consultation period to the end of January 2005. The main report ((ISBN 0117027804) and a pack containing the report, appendices and executive summary documents (ISBN 0117027812) are available separately.
Download or read book Pensions written by Pensions Commission and published by The Stationery Office. This book was released on 2004 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pack sets out the first report by the Pensions Commission, an independent body established by the Government (following the publication of the Pensions Green Paper ("Simplicity, security and choice: working and saving for retirement", Cm 5677, ISBN 0101567723) in December 2002) in order to review the adequacy of current arrangements for private pensions and retirement savings in the UK and to make recommendations on appropriate policy changes. This report sets out the Commissions detailed analysis of the current situation and trends in place, challenges identified and options for policy responses; and seeks to stimulate a structured, comprehensive fact-based debate about the problems facing Britains pension system which can contribute to the development of a sustainable pensions policy. The pack contains the main report, appendices and executive summary documents. (The main report (ISBN 0117027804) and the free executive summary (ISBN 0117027820) are available separately). The Commissions second report is planned for Autumn 2005, and this will include specific policy recommendations, following a public consultation period to the end of January 2005. However, the report does make recommendations relating to improvements in official data sources, which are discussed in an appendix and listed at the end of the main report.
Download or read book Pension Policy New Evidence on Key Issues written by Tim Callan and published by ESRI. This book was released on 2009 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reforming Pensions written by Nicholas Barr and published by Oxford University Press. This book was released on 2009-11-30 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical arguments have three elements: * Pension systems have multiple objectives--consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis should be framed in a second-best context-- simple economic models are a bad guide to policy design in a world with imperfect information and decision-making, incomplete markets and taxation. * Any choice of pension system has risk-sharing and distributional consequences, which the book recognizes explicitly. Barr and Diamond's analysis includes labor markets, capital markets, risk sharing, and gender and family, with comparison of PAYG and funded systems, recognizing that the suitable level of funding differs by country. Alongside the economic principles of good design, policy must also take account of a country's capacity to implement the system. Thus the theoretical analysis is complemented by discussion of implementation, and of experiences, both good and bad, in many countries, with particular attention to Chile and China.
Download or read book The Making of Ageing Policy written by Rune Ervik and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This innovative book provides insightful analyses and critique of policy ideas and practices regarding the challenges and opportunities facing ageing European societies. Through pertinent case study examples, it elucidates the ideological and institutional factors that underlie policy responses in different European societies. It demonstrates the pivotal role of ideas and of international organisations in shaping the policy and practice landscape, and driving through key policy reforms in Europe. This edited book provides an invaluable resource for policy-makers, researchers and scholars interested in ageing, policy and the political process.' Sara Arber, University of Surrey UK Demographic changes transform societies and challenge existing institutional solutions and policies. The need for policies addressing these challenges has increasingly been put on the agenda. The Making of Ageing Policy analyzes these innovative policy ideas and practices at both the international and the national level. The book provides insights into the value basis and justifications of ageing policies, the potential for conflict and how policy ideas are embedded in institutional defense and advocacy for institutional change and reform. In terms of policy ideas the economically focused 'productive ageing' dominates, but the book finds instances where the broader 'active ageing' approach has gained a hold in policymaking. Ageing policy reforms within pensions and labour market policy include measures to make people extend their working life. In long-term care reforms abound, and implies changes in the responsibility of financing and provision but the patterns across countries differ substantially. The authors provide normative analysis of ageing policy ideas, divulge political conflicts and consensus on ageing policy, and contribute by describing and analyzing the changing institutional landscape of ageing politics and policies throughout Europe. It will prove insightful for academics and researchers in the field, but it will also appeal to practitioners who are increasingly dealing with demographic challenges across a wide number of policy sectors in their daily affairs.
Download or read book Global Pension Challenges written by Jonquil Lowe and published by Routledge. This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book unpacks what pension systems aim to achieve, the uncertainties they face and how they are attempting to resolve them. Analysing pension provision from the systemic, political-economy and personal perspectives, it contextualises commonalities and differences in pension systems across the globe.
Download or read book Pensions Imperilled written by Craig Berry and published by Oxford University Press. This book was released on 2021-01-11 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private pensions provision in the UK is in crisis, yet it is not the crisis often depicted in political and popular discourses. While population ageing has affected traditional pensions practice, the imperilment of UK pensions is due in fact to the peculiar way policy-makers have responded to wider social and economic change. Pensions are a mechanism for managing failed futures, yet this function is being impeded by the individualization of provision. This book offers a political economy perspective on the development of private pensions, focusing specifically on how policy elites have sought to respond to perceived crises of demographic change, under-saving, and fund deficits, and in doing so have absorbed imperatives to subject individuals to a market-led regime under the influence of neoliberal ideology. This terrain is explored through chapters on the historical and comparative context of UK pensions provision, the demise of collectivist provision, the rise of pensions individualization and the state's role as facilitator and regulator in this regard, and the financial and economic context in which pensions provision operates. By placing the UK system in a comparative context of pensions reform agendas across the world, this book offers an original understanding of the unique temporality and materiality of pensions provision as a set of mechanisms for coping with generational change and forecast failures in capitalist economies. It also presents a nuanced account of the extent to which the state acts to anchor the process of pensions rematerialization and, crucially, concludes by outlining a coherent and radical programme of progressive pensions reform.
Download or read book Going Grey written by Scott Davidson and published by Routledge. This book was released on 2016-04-15 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developed countries throughout the world are experiencing population ageing and the new challenges that arise from this change in the national demographic. The phenomenon of an ageing population has necessitated policy reform regarding the role of the state in providing income in retirement and the whole wider social meaning of later life. The politics of ageing have become a key issue for young and old voters alike as well as those who seek to represent them. Politicians carefully consider strategies for developing relationships with older voters in the context of both policy decisions and campaigns as issues that directly affect an ageing population often prove crucial in local and national election campaigns. 'Going Grey' provides insight into how ageing and the increased proportion of older voters is being framed by the media. It investigates emerging discourses on the topic founded on economic pessimism and predictions of inter-generational conflict. By bringing together political communication and media discourses and placing them within the wider context of an ageist society this unique contribution demands us to re-think how the media portray and frame later life and examines the strategic electoral dilemmas facing political parties today. It provides an original and timely resource for scholars, students and general readers interested in understanding more about the mediation of, and the strategic campaign responses to, rapidly ageing populations.
Download or read book Home Equity and Ageing Owners written by Lorna Fox O'Mahony and published by Bloomsbury Publishing. This book was released on 2012-01-06 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growing use of housing equity to support a range of activities and needs raises complex issues, particularly for older owners. In an environment in which older owners are pushed towards housing equity transactions to meet income and welfare costs, they are required to make choices from a complex and sometimes bewildering range of options. The transactions which facilitate the use of home equity as a resource to spend in later life - from 'trading down' and 'ordinary' secured and unsecured debt to targeted products including reverse/lifetime mortgages, home reversion plans and sale-and-rentback agreements - raise important legal and regulatory issues. This book provides a contextual analysis of the financial transactions that older people enter into using their housing equity. It traces the protections afforded to older owners through the 'ordinary' law of property and contract, as well as the development of specific regulatory protections focused on targeted products. The book employs the notion of risk to highlight the nature and causes of the 'situational' vulnerabilities to which older people are now subject as 'consumers' of housing equity, showing that the older owner's personal situation is crucial in determining whether and why they may seek to release equity, the options and products available to them, and the impact of harms resulting from adverse transactions. The book critically evaluates the extent to which this context is incorporated in the legal frameworks through which these transactions are governed, as a measure of the 'appropriateness' of existing legal provision, as well as considering the arguments surrounding 'special protection' for older owners in housing equity transactions.
Download or read book The Economics of Social Problems written by Sarah Smith and published by Bloomsbury Publishing. This book was released on 2017-09-16 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This well respected textbook has been fully updated to reflect how economic policies on housing, crime, the environment, pensions among other areas, have changed in recent years. The book offers a lucid, non-technical introduction to important economic concepts, showing how they are applied in a real world setting.
Download or read book Routledge Handbook of Political Marketing written by Jennifer Lees-Marshment and published by Routledge. This book was released on 2012-03-12 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the Obama campaign universally acknowledged as the most successfully marketed presidential campaign of all time, the future of political marketing is fiercely contested, provoking a wealth of high quality scholarship from across the globe. This work provides an accessible introduction to the field, international in both content and authorship, which will set the direction of future research. Routledge Handbook of Political Marketing contains cutting edge contributions written by academic experts and informed practitioners but will also have a cohesive structure, containing emerging areas and authors alongside established ones. The handbook addresses the practicalities as well as the broader impact of political marketing on politics including its’ role in the changing relationship between political leaders, parties and voters. With each chapter providing a comparative and carefully structured discussion of a key topic, the handbook examines issues within the following broad themes: Understanding the market, gathering ideas, and debate Product development, branding and strategy Internal Marketing Communicating and connecting with the public Government Marketing - delivery, policy and leadership With each chapter written to a common template presenting new research and contemporary case studies, the handbook combines a succinct presentation of the latest research with an accessible and systematic format that will be of great interest to scholars and practitioners alike.
Download or read book Analysis and Debate in Social Policy 2010 written by Ian Greener and published by Policy Press. This book was released on 2010 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essential reading for academics and students in the field, Social Policy Review 22: Analysis and debate in social policy, 2010 presents an up-to-date and diverse review of the best in social policy scholarship, including an assessment of Labour's social policy after three terms in office.
Download or read book Ageing Populations in Post Industrial Democracies written by Pieter Vanhuysse and published by Routledge. This book was released on 2013-06-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most advanced democracies are currently experiencing accelerated population ageing, which fundamentally changes not just their demographic composition; it can also be expected to have far-reaching political and policy consequences. This volume brings together an expert set of scholars from Europe and North America to investigate generational politics and public policies within an approach explicitly focusing on comparative political science. This theoretically unified text examines changing electoral policy demands due to demographic ageing, and features analysis of USA, UK, Japan, Germany, Italy and all major EU countries. As the first sustained political science analysis of population ageing, this monograph examines both sides of the debate. It examines the actions of the state against the interests of a growing elderly voting bloc to safeguard fiscal viability, and looks at highly-topical responses such as pension cuts and increasing retirement age. It also examines the rise of ‘grey parties’, and asks what, if anything, makes such pensioner parties persist over time, in the first ever analysis of the emergence of pensioner parties in Europe. Ageing Populations in Post-Industrial Democracies will be of interest to students and scholars of European politics, and to those studying electoral and social policy reform. Official publication date 1st January 2012.
