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Welfare Reform on the Web (March 2002): Pensions - UK

COMPLUSORY PENSIONS DRAW CLOSER

N. Timmins

Financial Times, Jan 9th 2002, p. 19

Take-up of stakeholder pensions by people on low and middle incomes has been disappointing. Take-up might be increased by compelling firms to contribute to employees' pensions or by giving them incentives to do so.

(See also Financial Times, Jan. 9th 2002, p.4)

THE HIDDEN COST OF A PENSION REVOLUTION

M. Skapinker

Financial Times, Dec. 14th 2001, p.21

Argues that the move by companies towards defined benefit occupational pension schemes runs the risk of undermining employee loyalty and commitment and giving rise to demands for higher pay.

STAKEHOLDER RED TAPE MAY BE CUT TO BOOST SALES

N. Timmins

Financial Times, Jan. 10th 2002, p.5

The government is considering simplifying the regulation of sales of stakeholder pensions in order to boost take-up.

TREASURY'S PENSION REVOLUTION FALTERS AS PERSONAL ACCOUNTS FLOP

N. Timmins

Financial Times, Jan. 3rd 2002, p.1

The government's Individual Pension Account launched in April 2001 has flopped, with only one company offering the product. The Account allows people to see daily how their pensions are performing while giving them more control over where their savings are invested.

WILL RETIREMENT BECOME A THING OF THE PAST?

C. Buckley

The Times, Jan. 18th 2002, p.26

The Department for Work and Pensions has commissioned a study from the Tomorrow Project, a group that has challenged the whole notion of retirement. Working practice, legal and demographic changes are poised to change attitudes to older workers and retirement.

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