Don't panic, it's not an explosive issue

Article Abstract:

Concern over the impact of the ageing of the UK population on social security spending may be exaggerated. Many people of working age do not work, and those who receive unemployment benefit will simply receive another type of benefit when they are older, without increasing social securit spending. The UK has also controlled social security spending despite having already undergone an ageing of its population, and the UK's support ratio of working people to pensioners will be better than that of most developed economies by 2040.

United Kingdom, Economic aspects, Welfare state, Demography

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Pensioners denied retirement cash-in

Article Abstract:

UK pensioners can receive part of their fund as a lump sum on retirement and this is an attraction of personal pensions. This could change with new pension legislation, The Department of Social Security has stated that investors moving from a pension scheme related to earnings to a personal pension scheme or one not earnings-related will not be able to have a tax-free lump sum. This ruling is opposed by providers of personal pensions.

Laws, regulations and rules, Pensions

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