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How To Clear Up The Pensions Mess

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  • David Simpson

Abstract

All three pillars of the British pensions system are crumbling. The basic state pension is unsustainable in its present form. Defined benefit occupational pension schemes are fast disappearing, and with them the retirement hopes of millions of workers. A further 3 million low‐income earners are not saving enough for their retirement. And uncertainty about pensions choices is widespread. In each case the primary cause of the problem is governmental or regulatory failure. The paper makes eight general and four specific proposals for restoring the system.

Suggested Citation

  • David Simpson, 2003. "How To Clear Up The Pensions Mess," Economic Affairs, Wiley Blackwell, vol. 23(3), pages 11-15, September.
    • Handle: RePEc:bla:ecaffa:v:23:y:2003:i:3:p:11-15
    DOI: 10.1111/1468-0270.00424
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    Cited by:

    1. Alan Walker & Liam Foster, 2006. "Caught between virtue and ideological necessity. A century of pension policies in the UK," Review of Political Economy, Taylor & Francis Journals, vol. 18(3), pages 427-448.

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