Pension Reform in the United Kingdom: An Economic Perspective

Richard Disney

National Institute Economic Review, 2016, vol. 237, issue 1, R6-R14

Abstract: This paper considers the evolution of the UK's pension programme in the light of various stated rationales for public intervention. It argues that the publicly-provided (tax-financed) pension programme has gone through four distinct stages since 1946. It examines some of the issues that have arisen in the context of private pension provision in the UK, both in the form of so-called ‘defined benefit’ and ‘defined contribution’ pension plans, as well as individual purchases of annuities.

Keywords: pension reform; employer-provided pensions; annuities (search for similar items in EconPapers)
JEL-codes: G22 H55 J32 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sae:niesru:v:237:y:2016:i:1:p:r6-r14

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