Pension coverage and pension freedoms: lessons from Hong Kong

Document type
Discussion paper
Author(s)
Flynn, Matthew
Publisher
International Longevity Centre - UK
Date of publication
4 August 2016
Subject(s)
Older Adults, Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

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Pension reforms in the UK are transforming the way that citizens, especially those who lack access to an employer funded scheme save for retirement. The rollout of the Workplace Pension, rising state pension ages, and delivery of the basic State Pension have the cumulative effect of both extending pension rights to all workers and shifting risks and responsibilities from government and employers towards individuals.

This think-piece looks to Hong Kong, whose pension infrastructure is similar to the one emerging in the UK to examine the potential impact of these reforms.