An appraisal of the Pensions White Paper proposals

Howard Flight

Journal of Financial Regulation and Compliance, 2007, vol. 15, issue 1, 99-107

Abstract: Purpose - This paper seeks to evaluate the Pensions White Paper proposals against down to earth and relatively obvious objectives and criteria; and to suggest some options – no matter how politically difficult – which need to be considered. Design/methodology/approach - The paper assesses eight objectives which the White Paper should meet, namely: increasing retirement saving and reducing the savings gap; adequate minimum income for all aged over 75; incentives for retirement saving; simpler retirement saving products; tidying up state saving schemes; public sector and private pension provisioning; retirement saving products and arrangements for changing times; and stability for the future. Findings - The White Paper has the hallmarks of a compromise and politically crafted palliative, which is in danger of having unintended and contrarian effects towards reducing rather than increasing pension savings. Originality/value - The paper offers a critical appraisal of the Pensions White Paper proposals.

Keywords: Pensions; Retirement; United Kingdom (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfrcpp:v:15:y:2007:i:1:p:99-107

DOI: 10.1108/13581980710727038

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