Longevity
Two Centuries of Royal Weddings and Unsustainable Pensions
As the latest Royal wedding draws ever nearer, media pundits ponder how the monarchy has evolved in recent decades and speculate about the impact this latest generation will have on a very British institution. We couldn’t possibly add anything of note to these idle musings but it’s intriguing to see how another British institution – the pension – has evolved alongside over the course
Read more > Download PDF
The Budget
- 24 Hours on, it’s time to take stock of the Budget.
- Simplifying benefits and taking more pensioners out of the tax net is good. The decisions to introduce a flat state pension and rise in the personal allowance are encouraging, and should go a long way towards providing a more efficient and equitable pension system. Sustainability, however, continues to
A measured approach to public sector pension reform is the right way forward
- Lord Hutton’s interim report into the state of public sector pensions in the UK seems measured. This contrasts with the emotionally-charged debate that came before it.
- There is much to commend, from the principles with which to assess reform options to rejecting a “race to the bottom” in which the public sector follows the private sector.
- Getting this
Longevity: Trends, uncertainty and the implications for pension systems
This paper presents historical trends in life expectancy in the United Kingdom and other countries and discusses how these trends might evolve over the coming decades. The paper argues that the expected increases in longevity are likely to have significant implications for the structure of pension systems in the future. Individuals, businesses and governments have already responded to these
Read more > Download PDF