- In Germany, previous grand coalition legislated for increase in state pension age from 65 years now to 67 years by 2029 to deal with challenges arising from population ageing.
- Coming out of recession, the issue has returned to the headlines, with parts of the Social Democrats, now in opposition, demanding a policy u-turn.
- Episode is interesting for other countries too
- In its first 100 days in office, the new coalition government has announced a raft of measures covering state and private and public sector occupational pensions.
- What the measures do not add up to is a coherent strategy to create a credible and sustainable pension system for future generations of pensioners.
The newspapers are full of stories commenting on theRead more > Download PDF
- The British Government intends to launch NEST (formerly Personal Accounts) in 2012. The New Zealand KiwiSaver scheme provided much of the inspiration for NEST and also a blueprint for many of the design features.
- There are early signs that the KiwiSaver’s features such as auto enrolment are working more or less as intended. This must be good news not only for the New Zealand
- Pension legislation often carries unintended consequences. Rushing through new statutes without thorough analysis should be avoided; otherwise it could lead to more problems than solutions.
- An expert body to superintend the process of turning statute into reality might go a long way to reform the industry and the public’s view of pensions for the better.
Recent weeksRead more > Download PDF
- Government’s announcement to abolish default retirement age was welcomed by organisations representing workers but not by those representing businesses.
- What feels like the removal of discrimination to some is just another regulation for others. However, there is little choice.
- As the population and workforce age, most people now accept that we will have to