This note summarises a public debate on pensions reform after the 2010 election hosted by ILC-UK and the Actuarial Profession on 15 June 2010. A series of reforms to the UK pensions system are being implemented. For instance, the female state pension age is rising, the number of NICs qualifying years needed for a full basic state pension has been reduced, and the State Second Pension is becoming more flat-rate. In the future state pension age will rise to 68 for men and women . The debate centered on the following questions:
- What is the right balance between universal and means-tested support in
- Is the restoration of the earnings link safe?
- Should the state pension age rise further and faster?
- How can the consensus around NEST be maintained?
- Will greater flexibility in pensions schemes incentivise saving?
- Should tax relief on pension contributions be reformed?
- How can the annuities market be shaped to enable more choice for