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Welfare Reform on the Web (May 2003): Pensions - UK

GOVERNMENT MOVE 'UNLIKELY TO RESCUE PENSIONS'

N. Timmins

Financial Times, March 31st 2003, p.10

Measures planned by the government to rescue pensions will not reverse the closure of final salary schemes. The National Association of pension funds, in its formal response to last December's pensions green paper, warns the government "has missed a golden opportunity to simplify the pensions landscape and boost future retirement saving".

NEARLY 75% OF FINAL SALARY SCHEMES SHUT TO NEW ENTRANTS

N. Timmins

Financial Times, March 24th 2003, p.12

Almost three-quarters of final salary pension schemes are now closed to new entrants, or even to future contributions from existing employees, according to the Association of Consulting Actuaries.

'RISK' AND UK PENSION REFORM

P. King

Social Policy and Administration, vol. 37, 2003, p. 65-81

Article begins by outlining the range of "risks" that pervade the current debate concerning UK pension provision at government, industry and individual level. Goes on to discuss key theoretical perspectives on the nature of risk and their relevance to public pension policy. Suggests that current UK pension reforms are failing to carry the people with them and underestimate the importance of providing them with a sense of security.

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