Category: Carers
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I was speaking at FT Adviser’s Financial Advice Forum event yesterday and I was asked about what the SPa review may yield. It got me thinking about the stagnation in life expectancy increases. In 2020/22 life expectancy projections were around the same level they were at in 2010–2012 for females, and slightly lower for males,…
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State Pension age is rising. 15 years ago, it was 60 for women and 65 for men, and it is now on a slow path to 68. Both the Pensions Commission and the State Pension age review are considering adequacy. This makes it the right moment to examine how we support people who leave the…
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In its Pathways to Work report, the Work and Pensions Select Committee raised concerns about the impact of proposed benefit changes on older people: “We put it to the Minister that the changes to PIP eligibility and UC would disproportionately affect older people, despite that group being less amenable to incentives to work. He said…
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The new Pensions Commission aims to finish what Turner, Drake, and Hill started. Its scope focuses on adequacy, fairness, and risk. But, it misses a recognition of how people move through working life and into retirement. The Commission identifies system-level challenges, but does not fully account for how individual experience shapes pension outcomes over time.…
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The state pension underpayment scandal, which has already affected over 130,000 people and could ultimately involve up to 400,000, would not have come to light without the persistence of former Pensions Minister, Sir Steve Webb. His work, supported by campaigners and advisers, has pushed the Government to acknowledge systemic failings and compensate many of those…
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In this week’s Pensions Goth blog I talk about how we can close the pensions gender gap, how tomorrow is the last day to pay to fill in gaps in your National Insurance record missed since 2006, and insights from Morgan Vine at the TUC Pensions Conference on Wednesday 2nd April 2025. Many thanks to…
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On Tuesday, the Government announced reforms to working age disability benefits with the stated aim of helping those who can work to do so, and supporting those who can’t. This will be done via providing more support and incentives to work, as well as making it harder to achieve eligibility for Personal Independence Payment (PIP),…
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The Pension Protection Fund (PPF) has exceeded targets set out in HMT’s Women in Finance Charter! Professional Pensions report that 48% of the senior management roles within the PPF are now held by women. This kind of demographic change should, hopefully, lead to some cultural changes in organisations. Culture has an important role to play…
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I gave evidence to the work and pensions select committee today on pensioner poverty. They are interested in the causes of pensioner poverty and the role that state pensions and benefits play in ameliorating poverty. We talked about so many things during the hour in which I gave evidence alongside Carl Emmerson (IFS), Carole Easton…
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I attended the launch of the OECD’s 2024 edition of Pensions Outlook today, kindly hosted by Standard Life at Barings. One of the key themes of this year’s report is inclusivity, as in – how do we ensure all working people are included in quality pension savings? The OECD concludes that multi-employer schemes can play…