From richer to poorer

Article Abstract:

The United Kingdom government aims to help those without personal pensions through proposals from the social security secretary, Alistair Darling. The government has initially carried out piecemeal and contradictory changes to the pensions system, including a change in tax treatment costing $8.4 billion for pension funds. The proposals involve immediate help for poorer pensioners, and a new second pension. The new stakeholder pension should have lower charges than existing private pension schemes. The cost of the proposals may be higher than the government realizes and there may not be enough of an incentive to save.

United Kingdom, Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds

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Bidding war

Article Abstract:

The British government is under pressure to increase pensions in line with earnings, but wants to target poorer pensioners with a minimum income guarantee.

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Means and ends

Article Abstract:

British policy on pensions, and the impact on incentives to save for a pension are examined in detail.

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