Category: DWP
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The pensions world is very interested in the upcoming pensions review on adequacy and retirement outcomes. There is widespread concern about the level of contributions people, employers and Government are paying into private pensions and thought will need to be put into how to increase contribution levels to meet retirement income adequacy measures such as…
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I wasn’t going to do a blog on the Government’s response to the Ombudsman’s report on WASPI, but then I thought, hey, it’s always useful to revisit the data on any argument. So here we go! Without taking a position, here are the pertinent facts: From 1940 onwards, Men’s State Pension age (Spa) was 65…
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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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According to the Financial Times, Rachel Reeves has announced that the adequacy element of the pensions review is going to be put on hold. The rationale is that a review of adequacy could result in pension contribution increases that would force employers to spend “billions of pounds” more on pensions. The Government is concerned that…