John Hills: Pension Reform in the UK: Challenges, choices and progress
Friday, 2 March, 2007, 4:00 pm, Vienna, Austria
Seminar Room at the European Centre for Social Welfare Policy and Research
Berggasse 17, 1090 Vienna
Contact: Asghar Zaidi
Professor John Hills, Director of Centre for Analysis of Social Exclusion, London School of Economics
Highlights of the seminar
The UK pensions system faces a variety of challenges. Some of these - the impact of changing demography - are common to many European countries. Others are more specific to the UK, including issues about the adequacy of the system and its heavy reliance on means-tested support.
Professor Hills was one of the three members of an independent Pensions Commission appointed by the British government to look at the sustainability of the system. The Commission reported in November 2005, making recommendations for wide-ranging reform of the state system (including less reliance on means-testing and a gradual increase in State Pension Age) and a new system of automatic enrolment into funded personal pension accounts. The Government - with widespread support - has accepted these recommendations, and legislation is now going through Parliament.
This presentation will discuss the background to the Commission's recommendations, and the ways in which they have led to a wide consensus backing the reforms.
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